The CMA declared that the suspension was considered after the GFH announced the sale of a residential property in London, by one of GFHs subsidiary, without mentioning its share in the property. Furthermore, GFH bank used promoting statements reflecting a positive impact on the financial results, however, the bank owns only 3% of the property. http://english.mubasher.info/DFM/news/2703550/CMA-suspends-GFH-stock-3-sessions#.VOoMFbkRYCd.twitter
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Overseas news seen dictating pace of Philippine stock market trades this week
"While investors' optimism about the pending release of corporate earnings continue to boost the market, we believe that the declining trading volume, weakening net foreign buying and the forming sell signals from the MACD indicator should pose as warnings to investors that the index is already prone to profit-taking in the near term," AB Capital Securities Inc. said. official website MACD refers to the moving average convergence divergence, a technical indicator that provides signals on when to buy octa markets alternatives or sell. With a lack of domestic economic catalysts, AB Capital said the index is expected to follow overseas leads. "The biggest catalysts for next week are the continuation of the Greek-Eurozone debt talks, Fed Chair Yellen's testimony before the House Financial Services Committee, and U.S.' preliminary GDP results," AB Capital http://www.forextra.org/broker/ironfx said. "With this, we continue to encourage investors to lighten their positions and fxcm demo account buy on dips," AB Capital said. Support and resistance levels are at 7,700 and 7,850, respectively. Federal Reserve chairperson Janet Yellen is scheduled to appear before the U.S. House Financial Services Committee this week, while the U.S. is scheduled to release its preliminary reading on gross domestic product (GDP). http://www.interaksyon.com/business/105565/overseas-news-seen-dictating-pace-of-philippine-stock-market-trades-this-week