The Philippine stock market, represented by the Philippine Stock Exchange Composite Index (PSEi) among other indices, has shed 6.40% to 6812.13 in its morning day trade. The most active stocks during the morning trade are ALI (-8.09%), GTCAP (-9.18%), BDO (-7.53%), AC (-5.96%), and SM (-8.47%). 68,402 trades took place on the first three hours of the trading day.
Philippine Stock Market - Top Losers (Morning Trade) - August 24
Philippine Stock Market - Top Gainers (Morning Trade) - August 24
Philippine Stock Market - Most Active (Morning Trade) - August 24
What happens next? We'll we see a panic selling which could turn into a full-blown stock market crash? Or is this just a big market correction?
In its afternoon trade, the PSEi lost more points now ending at a loss of 7.20% to 6,754.74 before trading was halted (around 2:07 PM) due to technical issues - market data delay in PSETRADEX.
The trading floor once again opened around 2:50 PM. It ended -6.70% to 6,791.01. The most active stocks for the day are ALI (-9.03%), GTCAP (-10.13%), URC (-6.49%), AC (-6.69%), and TEL (-7.78%).
What happens tomorrow? We'll see.
