July 15, 2015

Philippines Stock Price Goes Up as Market Gains Confidence

PESRi July 14 2015

Manila, July 15, 2015 - Philippines stock market closed up by 0.27% equivalent to 20.28 points to 7,559.04. All sectors gained except industrial.

Yesterday, Philippine Economist Risk Index (PESRi) recorded a below average risk number which could indicate a growing confidence on the market. The risk index measures risk associated with price movement and liquidation of stocks. An increase in PESRi could indicate that prices are fluctuating high and low; it could also indicate a difficulty of converting stocks to cash.

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