A two-day advance on the Philippine Stock Exchange (PSE) gave way to profit-taking on Wednesday after Wall Street fell overnight and an uptick in crude oil costs stirred concern over its impact on global consumer prices.
The benchmark Philippine Stock Exchange index (PSEi) lost 45.57 points or 0.58 percent to close at 7,873.64. The wider All Shares index shed 10.25 points or 0.23 percent to 4,541.98.
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