Stock Market in the Philippines News and Performance

By Mediatrix P. Cristobal

The bellwether 30-company Philippine Stock Exchange index (PSEi) fell 174.21 points, or 4.02 percent to 4,157.03 on another speculated recession scenario while the all shares fell 87.94 points, or 2.94 percent to 2,906.18.

The PSE said it has been the lowest close since June 17, 2011 after it hit 4,153.11.

Meanwhile Tuesday’s finish was the biggest point drop since Oct. 27, 2008 at 1,713.83, which spiraled down 12.27 percent at 239.66.

It was also the biggest percentage drop since March 16, 2009 (1,769.67; down 86.43; 4.66 percent)

Losers won against gainers, 170 to 14 while 14 stocks remained unchanged.

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