Market Drops as Connectivity Issue Delays Trading

The local stock market started the week in the negative territory, closing lower after a system connectivity issue delayed trading.

- By Richmond Mercurio

The benchmark Philippine Stock Exchange index plunged by 1.19 percent or 74.73 points to end yesterday's session at 6,192.02.

The broader All Shares index was also in the red, falling by 0.96 percent or 35.81 points to 3,691.31.

"Shares slid once again after a late opening to trading with the index falling below the 6,200 marker anew," Luis Limlingan of Regina Capital said.