The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
Philippines equities slump at close of trade
On Thursday, Philippines shares dived after the close because losses in the Mining & Oil, Holding Firms as well as Property sectors suppressed equiites.
The PSEi Composite went down 0.60%.
On the PSEi Composite the best performance was demonstrated by such benchmarks as GT Capital Holdings Inc, Security Bank Corp and Robinsons Land Corp. They went up 2.15%, 2.05% and 1.73% respectively.
Meanwhile, the losers were represented by Semirara Mining Corp, JG Summit Holdings Inc and Petron Corp. They inched down respectively 5.11%, 4.75% and 2.70%.
Declining equities outnumbered growing shares on the Philippines Stock Exchange by 105 to 91, while 50 stood still.
The currency pair CNY/PHP gained 0.05% reaching 7.6680, USD/PHP managed to soar 0.02% being worth 51.000.
The US Dollar Index Futures headed south 0.03% demonstrating an outcome of 93.28.
Meanwhile, December delivery gold futures rose 0.23% trading at $1279.68 a troy ounce.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.
27,000 people became unemployed in private sector
The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.