What is pulling the stocks down?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Philippines equities decline at close of trade
On Thursday, Philippines equities slumped after the close because losses in the Holding Firms, Property as well as Industrials sectors suppressed shares.
The PSEi Composite went down 0.80%.
Energy Development Corp, Semirara Mining Corp and Petron Corp managed to inch up 4.43%, 4.18% and 2.55% respectively, thus becoming the best performers of the session on the PSEi Composite.
On the contrary, the worst performance was demonstrated by such benchmarks as LT Group Inc, Metro Pacific Investments Corp and Robinsons Land Corp. They slumped respectively 4.11%,3.25% and 3.02%.
On the Philippines Stock Exchange sagging equities outnumbered advancing shares by 141 to 70, while 38 remained intact.
The currency pair CNY/PHP decreased 0.44% being worth 7.6413. Meanwhile, USD/PHP went down 0.13% demonstrating an outcome of 50.970.
As for the US Dollar Index Futures, it didn’t change sticking to 93.27.
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