MANILA – The stock price of listed firm Travellers International Hotel Group Inc., owner and operator of Resorts World Manila, dropped 8.82 percent during the Friday afternoon trade.
Following the shooting and fire incident at the luxury casino hotel early Friday, the company’s trade price at the Philippine Stock Exchange fell to P3.10 a piece, down P0.30 from Thursday’s finish of P3.40 per share.
Its opening stock price slipped to P3.30 a piece.
“This is a sad day for Resorts World Manila. At approximately 12 midnight on June 2, 2017, a lone gunman barged into Resorts World Manila, firing shots and setting game tables on fire,” the company said in a disclosure.
The company and the Philippine National Police launched a hot pursuit at about 7 a.m.
The gunman was found dead after he set himself on fire.
“As of this time, the company has extended medical assistance to the 54 individuals who were taken to nearby hospitals,” it said.
Police authorities counted the total number of fatalities at 37, including the lone perpetrator.
“Our security team and Bureau of Fire Protection are currently conducting search and rescue operations on all floors,” the company said.
“This cowardly act of a deranged mind will not defeat the spirit on which Resorts World Manila was built. With your prayers, we will overcome this tragedy.”