Volatility seen as PH elections loom

LOCAL stocks are expected to be kept under a tight rein this week as investors wait for indications of the outcome of next week’s national elections, April inflation data due to be released on Thursday, and the results of earnings announcements from several blue-chip firms, analysts said over the weekend.

“The Filipino electorate will troop to voting precincts in a matter of days to cast their vote for new leadership. Markets will be on a tight watch to see whether or not the voting process will be held in a peaceful manner, given its direct impact on the country’s political risk premium weighting,” 2Trade Asia.com said in a note.