GMA News
Coronavirus concerns continue to drag PHL shares
Philippine share prices continued to decline on Wednesday due to investor concerns over the novel coronavirus, with the PSEi index dropping by 0.09% to close at 7,462.31.
The broader All Shares index also fell by 0.24%.
Fatalities from the novel coronavirus surged to 132 in China with over 5,974 cases.
In the Philippines, a Chinese national under investigation for possible novel coronavirus infection has died at San Lazaro Hospital, though it has not yet been determined if he had the virus.
There are 23 persons under investigation in the country for possible novel coronavirus infection as of Wednesday, according to the Department of Health.
More than 496 million shares valued at P4.955 billion changed hands, with decliners leading advancers.
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The Philippine peso recovered on Friday, January 31, 2020, closing at P50.83:$1, following the World Health Organization's declaration of the novel coronavirus outbreak as a global health emergency.
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Local share prices and the peso declined due to worries about the impact of the novel coronavirus originating from China.
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The Philippine Stock Exchange index (PSEi) closed flat on Friday, influenced by global concerns over China's novel coronavirus outbreak.
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The Philippine peso depreciated against the US dollar on Monday, closing at P50.835:$1, a loss of 2.5 centavos from Friday's close.
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The Philippine peso strengthened against the US dollar, closing at P50.83 from P50.96 on Thursday, despite concerns over the novel coronavirus.
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