‘Pullback scenario more favorable for our market’

THE stock market could go either way this week following Friday’s plunge, analysts said, with investors expected to be on the lookout for news about a massive loan default that has hit bank shares and overseas developments.

“A pullback scenario is more favorable for our market right now as we don’t want to see it go ‘too far, too fast’ and it also gives more investors the chance to get in at lower prices,” Eagle Equities, Inc. research head Christopher Mangun said in a statement.