The PSEi lost 210.14 points or 5.13% to 3,885.96, its steepest one-day drop since
October 2008. Friday’s fall extended its weekly decline to 404.21 points or 9.42%,
the largest since November 2008.
For a second straight session, all 30 index constituents closed lower. All six sectors
fell at least 3.55%, with mining & oil shares (-9.87%) and property firms (-6.08%)
posting the biggest declines. The worst performers were SCC (-12.32%), URC
(-11.90%), BEL (-10.94%), and PX (-10.87%) which all fell over 10%. Other notable
decliners were MBT (-8.61%), RLC (-8.47%), and ALI (-8.21%).
Value turnover surged to Php6.63Bil from Thursday’s Php4.81Bil. Foreigners
continued to unload shares, liquidating Php267.64Mil worth of shares.
via www.citiseconline.com
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