Philippines shares expected to follow US lead

Posted by 7Star Monday, March 9, 2009

The Philippines stock market will likely follow the lead of the US economy in the coming week with further bad news on the horizon, dealers said on Friday. "It will go a little sideways. But aside from the earnings reports of some companies, there is no good news. The general sentiment is still negative," said Jeng Calma of A and A Securities Inc.

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