PSE Index (PSEi) Call: September 2017 Outlook (by AB Capital Securities)

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Our Partner Broker’s Analysis and Opinion

PSEi Index Call (End-September 2017): 7,800

For the month of September, we expect market weakness to persist on the lack of catalyst that can propel the market beyond new highs.

Value turnover may likely remain weak as the ghost month will end on the later part of September (until 26 September). North Korea continues to threaten to launch more missiles, and we think this would provide more uncertainty for global markets. We expect no surprises on the next FOMC meeting on the 20th of September with only a mere 1% probability of a rate hike this month, according to the latest Bloomberg survey.

 

This report is prepared by PinoyInvestor’s partner broker below. Sign up to this stock broker to avail of their complete trading brokerage services:

AB Capital Securities
AB Capital Securities

AB Capital Securities is one of PinoyInvestor’s partners in delivering superior and reliable stock research reports that help Filipino investors make smart stock investing decisions! Learn more about them here.