Philippine shares dropped on Monday, dragged by profit-taking on the first trading day of the week as cautious investors adjusted their holdings ahead of the release of the country’s first-quarter 2014 gross domestic product (GDP) data.
The benchmark Philippine Stock Exchange index (PSEi) lost 20.91 points or 0.31 percent to close at 6,790.42, while the broader all shares dropped 10.12 points or 0.25 percent to 4,053.51.
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