Share prices to move sideways, says analyst

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Uploaded by on Nov 18, 2009

Juanis Barredo, vice president of brokerage firm CitisecOnline, told ANC's Business Nightly that share prices in the market are likely to move sideways in the coming days with an upward bias, following the general trend in the overseas markets. He said that there has been "high mixed movements and selectivity" in the stock market during the past trading sessions. He also said that while a recent forecast of a higher-than-targeted budget deficit was not rosy news, many investors have already discounted it.

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