Philippine equities drifted lower in a consolidation phase after a record run over the last four months, with concern over the West Philippine/South China sea dispute putting lingering pressure on prices.
The Philippine Stock Exchange index (PSEi) shed 0.39 percent or 30.39 points to close at 7,834.88. The All Shares index lost 0.32 percent or 14.15 points to 4,480.02.
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