THE stock market declined for the third consecutive day on Monday as investors stayed on the sidelines ahead of the MSCI index rebalancing and waited for further developments on the escalating trade war between Beijing and Washington.
The bellwether Philippine Stock Exchange index (PSEi) dropped by 0.29 percent or 22.08 points to close at 7,725.01, while the wider All Shares lost 0.34 percent or 16.42 points to finish at 4,765.43.