The Philippine Stock Market was hitting the grounds during the presidential campaign in the Philippines. There were some experts saying it was the uncertainty of the market that caused the downward trajectory. Many were afraid of the Duterte presidency and the uncertainties he may bring.
There are some friend of mine who are complaining that their portfolios are all turning red and had lots of paper loss. Lots of anxieties on the investors who were afraid what the future may bring.
But as of today, the stock market is rebounding and positive things are happening today. This is also due to the statement of the Makati Business Club that they are going to support the presidency of Mayor Duterte. Brighter days are ahead of us with the cooperation of the business community with the newly elected president. Duterte is now forming his members of his cabinet and his choice for the finance secretary will definitely affect the movements in the stock market.
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