Earnings reports to set stock trading pace, analyst says

MANILA – Investors will look to corporate earnings for guidance, as the market pushes back to the 8,000-point level, an analyst said Tuesday.

The Philippine Stock Exchange Index (PSEi) opened 0.24 percent higher to 8,012.76 from Monday’s close of 7,993.58.

“If earnings are in line or better than expected, there will be a catalyst for the market to go higher,” Norman del Carmen, head of investments at Chinabank, told ANC’s “Market Edge with Cathy Yang.”

source: www.abs-cbnnews.com