Bumawi ang Philippine stocks sa mga naunang pagkalugi nito sa pagtala ng mataas na kalakalan nitong Martes matapos luminaw ang panalo ni Mayor Rodrigo Duterte bilang susunod na pangulo ng bansa.
Tumaas ang Philippine benchmark index sa 0.5 porsiyento sa 7,023.62 dakong 0437 GMT, matapos bumagsak ng 0.7% noong Lunes, nangulelat sa mas mahinang merkado sa rehiyon.
Sa patuloy na pagbilang ng mga boto matapos ang 2016 Elections, lumilitaw na nakuha ni Duterte ang halos 39% ng mga nabilang na boto.
Mahigit 5 milyong boto ang agwat niya sa pinakamalapit na karibal sa halos 90% ng mga botong nabilang na.
“The benefits of the automated elections as well as quick results boosted shares and the local currency. It showed a clear mandate to the winner, Davao Mayor Duterte. This helped ease the fears. Clarity in his appointments to key posts, priorities of his administration and the timeline to achieve them would be key to win both local and foreign investors,” sabi ni BDO chief market strategist Jonathan Ravelas.
Binanggit ni A&A marketing and research head Justino Calaycay Jr. na “against the backdrop of heavy exchanges of brickbats and negativity in social media fora, the sober reactions of the candidates as the numbers came out is a breath of fresh air.”
“There were a lot of uncertainties surrounding the post-election scenario and this lent a downward bias to share prices. [Grace] Poe and [Mar] Roxas’ acceptance of their electoral fate and their subsequent concession to Duterte and the latter’s call for unity has removed this factor from the equation,” dagdag ni Calaycay.
Umaasa si Philippine Stock Exchange (PSE) president Hans B. Sicat na magpapatuloy ang magandang takbo ng ekonomiya.
“First of all, the macro economy is performing really well so we have a solid base. The BSP which is a great pillar of stability of support will continue to remain independent and will continue to hopefully to operate in autonomous and stable way a great support to banking and financial sector,” aniya. (JAMES LOYOLA at Reuters)