THE stock market experienced a bloodbath on Thursday as investors were discouraged after the country’s gross domestic product (GDP) growth data for the first quarter showed that it slowed to its lowest in four years.
The benchmark Philippine Stock Exchange index (PSEi) fell by 2.16 percent or 171.07 points to close at 7,755.62. The wider All Shares, meanwhile, declined by 1.42 percent or 69.13 points to end at 4,807.85.