Philippine stock exchange plunges 12.3 percent
The Philippine Stock Exchange (PSE) suffered its worst single-day percentage decline ever on Monday as fears that the recession is spreading on emerging markets sent markets into convulsions.
The 30-company composite index lost 12.3 percent to 1,713.83, its lowest finish since September 20, 2004 when it settled at 1,702.21. It shed 239.66 points, second-largest, one-day point loss since 1990.
The sharp decline forced the Philippine Stock Market to impose a 15-minute “circuit breaker” rule between 11:23AM and 11:38AM as the market saw shares falling by more than 10 percent.
The “circuit breaker” rule permitted the bourse to temporarily suspend trading if shares drop by at least ten percent from the previous day’s close.
The regulation intends to give more time to investors to “digest the impact of a sudden and unusual market drop and to help restore normalcy to the stock market.”
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October 27th, 2008 at 6:17 pm
tumaas ng 93% ang benta ng neozep!
October 27th, 2008 at 7:00 pm
di naman apektado mga bisakol dyan.
October 27th, 2008 at 7:13 pm
hai…abi sa news yan ang kapital ng mga negosyo at gobyerno…..ng gobyerno ba talaga o mga bulsa ng mga opisyal ng gobyerno…
October 27th, 2008 at 9:40 pm
tumaas man yan bumaba man yan…naghihirap (subjectively) pa rin ang marami nating kababayan.
October 27th, 2008 at 10:15 pm
mabuti nga kasi sila-sila lang yumayaman.
October 28th, 2008 at 1:56 am
hay sa wakas. hehehe. nag ka pare pareho tayo ng opinyon.
October 28th, 2008 at 2:49 am
malapit na .. piso nalang isang litro ng diesel!
October 28th, 2008 at 9:02 am
what? may stock exchange pala ang pilipinas?!
October 28th, 2008 at 11:52 am
Grabeng pagtitipid na toh.
October 29th, 2008 at 11:25 am
yeah right, here’s a link to find out more how we could survive global crisis http://www.duediligencer.net
October 29th, 2008 at 5:34 pm
up and down its still the same we are made to believe that these crises are true. but in reality its all manipulated and control by few people…watch money masters.
October 29th, 2008 at 10:09 pm
Paki at care ko sa Stock Market na iyan, hindi naman nakaka dagdag sa kagandahan at kayamanan ko iyan. Ang apektado lang jan ay ang mga mayayaman kasi takot silang maghirap. Pero kung dukha ka at pinanganak na mahirap, walang effect ang pagbagsak ng stock exchange sa iyo. Que tumaas man iyan o bumagsak, kung pulubi ka, busabos ka pa rin regardless kung mag plunge or hindi ang phisex.