Philippines share prices plummeted 4.25 percent on Thursday, pulled down by the financial turmoil in the United States, dealers said. The composite index fell 104.63 points to 2,352.37 points, while the all-shares index fell 3.68 percent to 1,502.15 points.
There were 14 gainers compared to 117 losers and 23 stocks unchanged with volume amounting to 1.817 billion shares worth 2.159 billion pesos (45.7 million dollars). Banco de Oro Unibank bucked the trend to rise by 9.52 percent to 34.50 pesos.
Philippine Long Distance Telephone Co fell 1.78 percent to 2,480 pesos while Ayala Land Inc dropped 4.12 percent to 9.30 pesos. San Miguel Corp saw its A shares fall 3.09 percent to 47 pesos while its B shares fell 5.05 percent to 47 pesos.