It was a bloody Thursday at the Philippine Stock Exchange, with share prices taking their steepest fall in history shortly after the market reopened.
Shares plunged to 4,623.42 for the day, down by 13.34 from the previous session. At its lowest, the PSE Index plumbed 4,039.15 points, down by over 24 percent from the previous trading day, but it then staged a recovery that was sustained until closing time. The government early this week restricted movement and business operations in the entire Luzon, only allowing workers in critical industries like healthcare, food preparation, banks, groceries, and media to report to work while the rest were told to stay at home. Malls and offices have been shut, with the state appealing for work-from-home arrangements until mid-April.At the open on Thursday, shares quickly plummeted by 12.4 percent to 4,673.
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Local stocks suffer biggest fall to 4,000 level as coronavirus forces Luzon-wide quarantineBREAKING: It was a bloody Thursday at the Philippine Stock Exchange, with shares taking their steepest fall in history as markets reopened for trading Our Philippine economy is very VULNERABLE by this LuzonLockdown quarrantine against COVID19. I do wish that the lockdown would be lifted as early as two weeks & not longer than one month. To save our Philippine economy. So that we won't have more poor people! i can't understand why these dimwits at pse insist to reopen the stock market 💩 weve been fooled by china. after releasing the virus and watching the world economy collapse... check whos economy is doing great at this time of crisis... stocks, gold, production of goods... while everyone else runs out of supply... whos goin to be the main supplier now?
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