THE stock market again took its cues from abroad, falling back to the 7,400 level on Friday as the likelihood of a US government shutdown weighed on investor sentiment worldwide.

The benchmark Philippine Stock Exchange index (PSEi) declined by 1.11 percent or 83.70 points to close at 7,479.71 while the broader All Shares dropped 0.94 percent or 42.55 points to end at 4,501.58.