Credit to Author: The Manila Times| Date: Wed, 23 Jan 2019 04:49:08 +0000
THE local bourse went below the 8,000 level in morning trading on Wednesday as investors worried over local and foreign economic developments, analysts said.
The benchmark Philippine Stock Exchange index dipped 1.26 percent or 100.68 points to 7,907.99 while the wider All Shares plunged 0.79 percent or 37.84 points to 4,772.13.
According to P2P Trade Online sales associate Gabriel Jose Perez, investors were having some “hesitations” over the results of gross domestic products (GDP) data to be released tomorrow, Thursday.
As of third quarter of 2018, GDP has averaged 6.3-percent growth.
“The market mimicked the US market sell off as worries on trade talks negotiations and global growth slowdown has been churning the Philippine markets,” Philstocks Financial Inc. research associate Piper Chaucer Tan added. TYRONE JASPER C. PIAD
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