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Philippine stocks suffer worst nosedive since global financial crisis

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The novel coronavirus sends the Philippine Stock Exchange index to its worst decline in 12 years.

who will be the No. 1 victims once the spread worsens," said Japhet Tantiangco of Philstocks.

A total of 204 companies suffered losses on Monday, while only 30 companies advanced and 23 remained unchanged. The most actively traded stocks were in the red. Ayala Land , Ayala Corporation , SM Prime , BDO , and SM Investments all lost value on the first trading day of the week.target in 2020 due to the virus.

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PH stocks see worst bloodbath in 12 yearsThe bearish local stock market saw on Monday its worst bloodbath since the global financial crisis 12 years ago as the COVID19 started spreading locally while a collapse in global oil prices stoked global recession fears. | philbizwatcher Philbizwatcher yes, the worst drop so far Philbizwatcher Kahit pa magsara yung PSE na yan!
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