THE continued impact of the coronavirus disease 2019 (Covid-19) and concerns over regulatory risks exerted selling pressure on the stock market on Wednesday, dragging it again to the 7,300 territory.

The benchmark Philippine Stock Exchange index (PSEi) dropped 0.76 percent or 56.30 points to close at 7,383.10, while the wider All Shares fell 0.79 percent or 34.59 points to finish at 4,355.46.