MANILA (AP) - Shares plummeted for the second straight session Thursday, with wary investors taking advantage of a brief run-up to quickly take profits in anticipation of more volatility on Wall Street.
The 30-company Philippine Stock Exchange Index fell 67.43 points, or 1.97 percent, to 3,359.02, its lowest finish since May 10. It dropped 2.1 percent Wednesday.
"People are skeptical about Wall Street's rise last night. They're selling now, thinking it will be down again tonight," said Eagle Equities President Joseph Roxas.
Losers outnumbered gainers 132 to 14, while 23 stocks ended unchanged.