PH stocks fall on GDP slowdown

May 28, 2015 4:50 pm

Philippine shares were badly hit by news of a sharp slowdown in economic growth in the first quarter, way below market expectations of at least 6 percent.

The benchmark Philippine Stock Exchange index closed at 7.505.03 points, down 93.67 points or 1.23 percent. The All-Shares index lost 42.4 points or 0.97 percent to finish at 4,324.79.

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