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Philippine shares drop 3.21 per cent

Mohit Joshi 6 November 2008

Philippine shares drop 3.21 per centManila - Philippine share prices dropped 3.21 per cent Thursday, tracking losses on Wall Street and regional stock markets.

The Philippine Stock Exchange's 30-share composite index slipped 64.59 points to close at 1,941.62.

A total of 2.14 billion shares valued at 2.39 billion pesos (48.77 million dollars) were traded.

Losers outpaced gainers 84 to 9 while 32 issues were unchanged.

Analysts said local stocks would continue to take the lead of Wall Street and regional markets. (dpa)

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