MANILA – The Philippine Stock Exchange index (PSEi) fell to its lowest level in a month, slipping below the 6400 territory.
The index plunged 1.3% to settle at 6355.18.
There were 103 decliners versus 53 advancers while 37 issues were unchanged.
Among Friday's big losers were SM Investments and Meralco, both of which fell around 5%, and the Lucio Tan group, which dropped 9.3%.
Bucking the downswing was the Gokongwei group's JG Summit, which soared over 7% on its inclusion in the MSCI Global Standards Index.
There was little change in the peso at the foreign exchange market, as it closed at P43.20 against the dollar. -- ANC
source: www.abs-cbnnews.com
