Stock Market

Philippines share prices closed 0.94 percent lower on Friday in line with a slump in US markets, dealers said. The composite index lost 28.92 points to 3,061.99 while the all-shares index dropped 0.57 percent to 1,904.71 points. There were 31 gainers against 60 losers and 75 that were unchanged. Turnover stood at 4.217 billion shares worth 2.39 billion pesos (51.58 million dollars).