Ayala Land share drop weighs on PSEi

THE stock market retreated on Friday as the drop in Ayala Land Inc. Shares was said to have weighed on sentiment.

The benchmark Philippine Stock Exchange index (PSEi) dropped by 0.33 percent or 26.17 points to close at 7,868.28. The wider All Shares declined by 0.23 percent or 11.31 points to finish at 4,856.35.