STOCK-MARKET OUTLOOK • VG Cabuag
Last week Share prices plunged last week with the main index falling by 3 percent to below the psychological 6,000-point level, after the off-cycle 25 basis point rate hike of the Bangko Sentral ng Pilipinas (BSP) on Thursday. The benchmark Philippine Stock Exchange index plunged 180.91 points to close at 5,961.99 points. “The BSP’s unexpected