PSEi succumbs anew to nCoV fears
88 percent while the broader All Shares index dipped by 35.38 points, or 0.82 percent, to end at 4,256.83. Most indexes were down, ending mostly in negative territory except for the Industrial index which managed to end in the green.
Total value turnover was thin at
"Mounting fears on the coronavirus and its impact on the global economic continue to send the local bourse together with other Asian markets into negative territory," Philstocks Financials said. Foreign investors dumped their stocks amid fears surrounding the virus.
Foreign selling stood at
93 percent. Its parent company
announced that the infrastructure company of tycoon
,
Ayala remains a shareholder with a 38.6 percent stake.
© Pakistan Press International, source