PH stocks melt on virus fears Amid global rout 4 SHARES Share it! The Philippine Stock Exchange index (PSEi) fell 179.93 points, or 2.58 percent, to close at 6,787.91 as share prices fell across the board, pushing it closer to “bear” territory. Volume surged to 1.1 billion shares worth ₱11.39 billion as losers swamped gainers 160 to 50 with 36 unchanged. “Local and international markets did not find any relief on pandemic concerns yet,” said Regina Capital Development Corporation Managing Director Luis Limlingan. The slide has wiped out more than $30 billion of market value since the start of 2020, with overseas funds pulling out a net $263 million.

Source: Manila Bulletin February 28, 2020 13:52 UTC