Stock market slumps; SM Prime leads losers

Stock market slumps; SM Prime leads losers

The stock market tumbled Friday on profit-taking, following a signal from the rest of Asia where investors struggled to take the lead from a record performance on Wall Street. The Philippine Stock Exchange Index slumped 116.64 points, or 1.8 percent, to 6,370.87 on a value turnover of P8.6 billion.