THE stock market fell back to the 7,800 level on Wednesday, with analyts pointing to heavy foreign selling and the absence of positive catalysts.
The benchmark Philippine Stock Exchange index (PSEi) plunged 1.24 percent or 99.04 points to close at 7,889.12. The broader All Shares declined by 0.96 percent or 46.75 points to finish at 4,849. 36.
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