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Manila - Philippine share prices plummeted for the second straight session on Friday, closing 4.14 per cent lower on overnight losses in Wall Street.
The 30-share composite index of the Philippine Stock Exchange lost 76.43 points to close at 1,765.90. On Thursday, the index declined
3.45 per cent to finish at 1,842.33.
A total of 820.15 million shares worth 1.16 billion pesos (23.38 million dollars) were traded.
Losers swamped gainers 79 to 11, while 34 issues were unchanged.
Manila - Philippine share prices plunged 3.45 per cent on Thursday, dragged down by Wall Street's overnight losses as investors braced for a prolonged economic slump.
The 30-share composite of the Philippine Stock Exchange lost 65.85 points to close at 1,842.33 from Wednesday's finish of 1,908.18.
A total 552.06 million shares worth 1.38 billion pesos (28.16 million dollars) were traded.
Losers led gainers 96 to 12, while 22 issues were unchanged.
Cotabato City, Philippines - Thirteen Muslim separatist rebels were killed while two soldiers were hurt in separate clashes in the southern Philippines, the military said Tuesday.
It said 10 guerrillas from the Moro Islamic Liberation Front (MILF) were killed Tuesday in a firefight in Mamasapano town in Maguindanao province, 960 kilometres south of Manila.
Manila - Philippine share prices plunged 3.42 per cent on Tuesday on news of massive job cuts and more economies falling into recession due to the global slump.
The 30-share composite index of the Philippine Stock Exchange lost 66.40 points to close at 1,873.60, from Monday's finish of 1,940.00.
A total of 751.83 million shares worth 1.20 billion pesos (24.48 million dollars) were traded.
Losers led gainers 85 to 8, while 26 issues were unchanged.
Traders said investor sentiments were dampened by reports that Citigroup, the second largest US bank, cut 52,000 jobs in a bid to save itself.
Manila - Philippine President Gloria Macapagal Arroyo was caught off guard on Tuesday when her press secretary prayed for a possible extension of her term beyond 2010 as lawmakers debated on an impeachment complaint against her.
Arroyo and her cabinet often start their meetings with a prayer, which is led by different officials.
But the prayer by Press Secretary Jesus Dureza shocked Arroyo for touching on a sensitive political issue, with many critics warning of alleged plans for the president to hold on to power beyond the end of her term in 2010.
"We pray for the president, that she may have forbearance, good health and tolerance to lead this nation until 2010, and who knows, perhaps even beyond," Dureza said.
Manila - Philippine share prices plummeted for the second straight session on Friday, closing 4.14 per cent lower on overnight losses in Wall Street.
Manila - Philippine share prices plunged 3.45 per cent on Thursday, dragged down by Wall Street's overnight losses as investors braced for a prolonged economic slump.
Cotabato City, Philippines - Thirteen Muslim separatist rebels were killed while two soldiers were hurt in separate clashes in the southern Philippines, the military said Tuesday.
