The week ahead...
It might be time to get a mirror to do a breath check on the exchange, because volume (and interest) has just been so low.
This holiday-shortened week isn’t going to help that situation, but perhaps a strong signal from the US Federal Reserve with its next rate decision on Thursday morning will give the market something to care about heading into the weekend.
Until then, all we really have is the start of the offer period for the Petron Series 4 Preferred Shares follow-on offering, so there’s that.
MB BOTTOM-LINE
While there’s nothing much on the schedule, there are quite a few intrigues on the go that could pop up at any time to provide an interesting signal.
There are a bunch of suspended stocks that could jolt back to life, like SP New Energy [SPNEC suspended], LMG [LMG suspended], and Vulcan Industrial [VUL suspended], and it’s possible that we could hear more on what Metro Pacific [MPI 4.41 0.5%] is doing.
Maybe we’ll even learn more about what Suntrust is doing.
Though I’m not going to hold my breath for anything clear and unambiguous.
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Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock. These daily articles are not updated with new information, so each investor must do his or her own due diligence before trading, as the facts and figures in each particular article may have changed.
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