The local bourse closed lower for the first time this week as concern over an upcoming typhoon triggered mild profit-taking, snapping a four-day run.
The Philippine Stock Exchange index (PSEi) was down 0.83 percent or 60.90 points at 7,299.85 at closing bell, while the All Shares index dropped 0.63 percent or 26.97 points to finish at 4,287.90.
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