Local stock index falls some more
MANILA—The local stock index slumped for a second day in a row on Friday after a softer-than-expected first quarter Philippine gross domestic product growth report.
The Philippine Stock Exchange index shed 29.02 points or 0.44 percent to close at 6,647.65.
The market was weighed down most by the industrial counter while the financial, services and mining/oil counters also dipped. The holding firm and property counter, on the other hand, posted a modest gain.
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Turnover for the day amounted to P16.34 billion.
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There were 66 advancers against 98 decliners while 52 stocks were unchanged.
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