The benchmark Philippine Stock Exchange index finished at 7,779.07, down 40.15 points or 0.51 percent. Likewise, the broader All Shares index went down by 15.94 points, or 0.33 percent, to 4,712.87. According to traders, there was no last-minute window dressing as investors are likely selling assets to prepare for the upcoming initial public offerings. “The PSEi underwent a month-end window undressing, instead of window dressing, as the index closed 40.15 points in the red at 7,779.07. Net foreign selling excluding Resorts World Manila block shares amounted to P255 million,” said Gabriel Perez of Papa Securities.

Source: Philippine Star September 30, 2019 15:56 UTC