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BusinessWorld April 30, 2021 | 5:25 pm COURTESY OF PHILIPPINE STOCK EXCHANGE, INC. STOCKS declined on Friday following the release of data showing the National Capital Region’s (NCR) output contracted by double digits in 2020, which weighed on the Philippine economy. The Philippine Stock Exchange index shed 116.64 points or 1.79% to close at 6,370.87 on Friday, while the all shares index dropped by 44.93 points or 1.13% to 3,923.03. “The market slid especially during the last minute of trading as investor sentiment was affected by the PSA’s (Philippine Statistics Authority) report that the NCR shrunk 10.1% in the year 2020,” Darren Blaine T. Pangan, trader at Timson Securities, Inc., said via Viber message.

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