Stock market crash philippines

PHOTO BY ABBY PALMONES.

What to Do When the Stock Market Crash Hits

Sentiment-driven sessions on the Philippine Stock Exchange PSE gave way to panic among investors who found no other direction to follow on Monday after seeing massive Shanghai-led slides in equities markets around the world. Analysts said the huge drop indicated growing fear about the repercussions of a sustained weakening of the yuan, or renminbi.

In Manila, the benchmark PSE index plummeted by more than 7 percent at around mid-afternoon before closing down 6. The broader All Shares index lost 6.

BDO Chief Market Strategist Jonathan Ravelas saw the market weighed down by poor sentiment amid a slew of negative factors. Bryan Gomez, co-head of investments at Citisecurities Inc.

List of stock market crashes and bear markets - Wikipedia

We are currently seeing the manifestation of that right now and its full magnitude has yet to be established. The mining and oil sector posted the biggest loss of 8. The most actively traded stocks slid, registering losses of between 4 percent and more than 10 percent.

The inevitable vs the possible stock market crash of - The Manila Times Online

The volume of shares traded totaled 2. Decliners outnumbered advancers to 13, while 20 issues closed unchanged.

In the year to date, the benchmark stock index had fallen 6. PSE President Hans Sicat told reporters in a briefing on Monday the sharpest drop in the history of the local stock market occurred during the Asean financial crisis in , when the PSEi plunged Total market capitalization of the listed companies shrank by P There is also a wide base of young and active workers and consumers in the country.

Corruption is everywhere in the Philippines, the infrastructure has been destroyed the past 5 years due to mismanagement and incompetent officials.

Just a matter of time before it all comes falling down. Curse of God to China is only started..

Home News Opinion Regions World Sports Business Special Features SPECIAL REPORTS The Sunday Times Boardroom Watch. PH stocks crash 2. By The Manila Times on August 24, Business , Today's Headline Photos.

Soriano Avenue, Intramuros Manila Philippines Tel. Archives Advertise Contact Us About Us.