Manila - Philippine share prices plummeted for the second straight session on Friday, closing 4.14 per cent lower on overnight losses in Wall Street.

The 30-share composite index of the Philippine Stock Exchange lost 76.43 points to close at 1,765.90. On Thursday, the index declined
3.45 per cent to finish at 1,842.33.

A total of 820.15 million shares worth 1.16 billion pesos (23.38 million dollars) were traded.

Losers swamped gainers 79 to 11, while 34 issues were unchanged.

Traders said selling was across the board as investors worried the global economic crisis would be worse than expected. Sentiment was also dampened by Wall Street's 5.6-per cent drop overnight. (dpa)