PSEI-1953.49 down 42.43
All Shares-1260.86 down 23.30
Australia-3869.40
China-1839.62
Hong Kong-12618.38
Japan-7649.08
Korea-938.75
Malaysia-859.11
Singapore-1600.28
Taiwan-4579.62
Thailand-432.87
Share prices will remain volatile next week, even with the key index at three-year lows, as investors brace for possible global recession, dealers said Friday.
"We're still in the same marathon as other global markets," Astro del Castillo of First Grade Holdings told Dow Jones Newswires.
Investors continue to be "worried about the prospects of a prolonged economic slowdown," said Ron Rodrigo of DBP-Daiwa Securities.
The European stock markets fell sharply in early trading on Friday, shortly after the Manila bourse closed.
For the week to October 24, the Philippines composite index plunged 144.77 points or 6.9 percent to 1,953.49, a level last seen three years ago.
Average daily turnover for the week fell to about one billion shares worth P2.1 billion ($43.4 million) from 1.722 billion shares worth P2.612 billion in the previous week.
Friday, October 24, 2008
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