Financial Instrument Fluctuation: The Philippine Stock Exchange
The recent presidential election in the Philippines has yet to be the most trending and talked about in all history in the nation. As plugged by twitter, the tweets regarding the election have reached over millions which became a world trend, engaging foreigners to delve to the whole situation as well. As the elections have finally been closed, Rodrigo Roa Duterte has finally claimed the throne with a landslide vote of more than fifteen million. And while there is still a recount of the results of the vice president’s position, people in the country have rejoiced on the results with the exemption of those haters who had their candidate lost.
And here comes the connecting tie, the new administration in which the elected president will run would coincidentally affect the Philippine Stock Exchange. The stock market has become an avenue for Filipinos to earn some neat cash and learn a gist about financial literacy. But before foreseeing the effect of the upcoming “D Dynasty”, here are the situations in which this market is in, and its fluctuating forms before and after May 9- Polling Day..
Backed Out Business Leaders
Dubbed as the “Donald Trump of the East”, the unapologetic mayor of Davao City, ones curses the pope over traffic issues and has joked about the Australian rape victim. In a recent interview with Duterte, he made a joke about his reproductive organ and that he would be exempted to murder. This angered hundreds of potential business owner leaders to back out into delving into investing in the Philippines. Collaterally, this made a significant negative effect on the stock exchange in the stock market. How did this come about? Well, by the definitive scope of loss business investments, it could also mean a lesser number of newly opened stocks for stock bearers to avail. Fluctuating Interest Rate.
During the administration of the recently finished term of Benigno Aquino III, there was an issue of the interest rates and tax rates of commodities and services. This fluctuation has created an impact in the Philippines stock exchange field as there was no stable rates for higher value of the stocks. What this does is that people have. A harder time to invest in more stocks or sell their shares. And this irritated a lot of users for always being in a look of that very thin line of optimization.
PHL Market Rally As Duterte Claims Over 15M Votes
After dropping close to 0.3% on Friday, the PHP boost to as much as 0.7 % to PHP 46.77 per US$ as reflected over the data from the Bankers Association of the Philippines. The increase had a significant relation to Duterte’s garnered votes starting from 3:25 PM last May 9 (Election day) as he overthrow the LP’s standard bearer Mar Roxas.
Truly, the Philippines had its ups and downs in its stock market. But with the rise of the new President and the fresh administration, he would hold, this may all change for the better. And with that, the welfare of the whole country. The ones ”Sick man” of Asia would rise to regain what was lost – change is coming.
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