Stocks show more Ruby jitters

The Philippine Stock Exchange index (PSEi) lost ground for a second day on worries over the approach of Typhoon Ruby (international name Hagupit), which is expected to make landfall in the Philippines over the weekend.

The composite PSEi was down as much as 1.50 percent in Friday’s trading session before recovering a bit on some minor bargain-hunting to close 0.95 percent or 69.29 points lower at 7,230.56. The wider All Shares index shed 0.88 percent or 37.90 points to 4,250.