Analysts: RP market could rise if oil falls

Agence France-Presse MANILA - Share prices may be set to rise further next week if world oil prices continue to fall amid positive signs in the domestic economy, analysts said Friday. "It's good news that the oil price is still going down," although it still has not fallen as drastically as market investors would want, said Sandra Araullo of Regina Capital Development Corp. The recent positive performance of the US market had also helped, she said. "We will see if they can sustain this because it means they are still bullish despite this negative economic data, she said. The local economy is also doing well as "price of commodities are going down and people who have money want to find bargains so they might as well put it into stocks with good fundamentals." For the week to August 15, the composite index rose by 1.2 percent... [read full story]