Last-minute selling drags stock market down to 8,300

INVESTORS pocketed gains during last-minute trading on Monday, pulling the stock market down to the 8,300 level as they awaited the outcome of the country’s hosting of the Association of Southeast Asian Nations (Asean) Summit.

The bellwether Philippine Stock Exchange index (PSEi) shed 103.46 points or 1.23 percent to close at 8,330.02. The wider All Shares lost 37.24 points or 0.76 percent to settle at 4,894.62.