Philippine shares tumble on PLDT sell-off
newscatcher
2023-04-04 21:31
Philippine shares tumble on PLDT sell-off
MANILA -The Philippine Stock Exchange index extended losses on Tuesday ahead of the release of March inflation data and the continued selldown of PLDT shares. By the closing bell, the benchmark measure slid by 0.89 percent, or 57.95 points, to 6,472.04 while the broader All Shares index sank 0.47 percent, or 16.47 points, to 3,481.96. Stocks tumbled before the latest inflation print is released on Wednesday. The Bangko Sentral ng Pilipinas said inflation in March likely slowed from the previous month's 8.

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