Foreign selling drags bourse for 2nd day

FOREIGN selling kept the stock market in the red territory for the second straight day on Tuesday.

The bellwether Philippine Stock Exchange index (PSEi) dropped by 0.82 percent or 63.82 points to close at 7,707.80, while the wider All Shares fell 0.58 percent or 27.18 points to finish at 4,626.36.