Stock market ends the week in the red

The bellwether PSEi shed 127.49 points to close at 6,533.95, 1.91 percent lower than the previous day's 6,661.44.

"External events such as the Fed (Reserve) tapering and China slowdown weighted on investor sentiments causing a risk-off,” Jonathan Ravelas, Banco de Oro Unibank analyst said.

He added that the index now points to a test towards the 6,000 to 6,350 levels.

Transaction volume hit 1.15 billion with shares valued at P14.98 billion.

Decliners outpaced gainers, 119 to 32, while 40 issues stayed the same.