May 4, 2015

After MayPac Fight: Philippines' Stocks Up and Ticking

PSEi May 4, 2015

PSEi closed to 7,816.44 up by 1.32%, today, the first trading day of the month of May 2015 after the controversial fight of Pacquiao and Mayweather. All industry, except banking & finance, posted growth. Property posted the highest growth at 2.12%, followed by services and all shares at 1.45% and 1% respectively.

There could be some stock price movements in the coming days, but on average, stock prices are seen to move up. It is projected that PSEi will hit 8,500 – 9,000 level this year 2015.

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