THE stock market slid out of the bull territory on Wednesday after Jollibee Foods Corp.’s (JFC) stock price plunged and growth forecasts for the world economy were trimmed.

The benchmark Philippine Stock Exchange index (PSEi) declined by 1.09 percent or 89.97 points to close at 8,161.49, marking a 19.25-percent increase from the index’s lowest level of 6,843.83 in November 2018.

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