Stock market down anew, drops 1.13%

THE stock market opened the week on a down note, falling for a second straight trading day on account of net foreign selling and the lack of positive catalysts.

The benchmark Philippine Stock Exchange index (PSEi) plunged by 1.13 percent or 88.39 points to close at 7,702.72 while the wider All Shares declined by 0.77 percent or 37.04 points to finish at 4,780.18.