Local share prices tumbled by almost a percent on Thursday as investors took advantage of the sharp gains of the previous two days following the successful national elections.

The benchmark Philippine Stock Exchange Index (PSEi) declined by 0.97 percent or 71.48 points to close at 7,325.04, while the broader All Shares dipped by 0.76 percent to 33.36 points to end at 4,354.95.

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