July 20, 2015

Mining Stocks Fall as Negative Sentiment Looms

Photo by foodiesfeed from plixs.com, Public Domain License CC0 1.0
Photo by photocollections from plixs.com, Public Domain License CC0 1.0

Manila, July 20, 2015 - Philippines Stock Exchange Index (PSEi) fall by 1% at 7,541.17 as negative international news spread. Mining received the biggest blow at -6.25% as news about negative mining practices were highlighted and falling nickel prices negatively affect Australian mining companies. It is continuously being observed how demand in China would push the prices of mining products.

Majority of the stocks are down with 92 declines, 68 advances, and 52 unchanged.

Last week, July 16, 2015, Philippine Economist Stock Risk Index (PESRi) recorded a spike on stock risk equivalent to +0.80%.

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