Stock Market

Philippines share prices closed 1.5 percent on lower on Monday as investors dumped blue chip stocks amid gloomy economic prospects, dealers said. The composite index lost 29.54 points at 1,890.62. The all-shares index fell 1.8 percent, or 22.09 points, to close at 1,210.78. A total of 1.01 billion shares valued at 1.3 billion pesos (26.5 million dollars) were traded.