Lackluster trading expected to continue

“The market might start the week on a dismal tone, unless institutional foreign players shake off earlier apprehensions over weak economic and corporate earnings results,” said.

DBP-Daiwa Securities, Inc. said trading is expected to be volatile since local companies are to start releasing their fourth-quarter and full-year earnings reports for 2008, which most analysts believed would not be good.

Globe Telecom, Inc., for instance, is scheduled to report its fourth-quarter financial performance on Wednesday.

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