Local stocks declined for the second day in a row Friday, capping off the week with a loss after taking a cue from downturns in overseas markets.
After staying positive in morning trade, the Philippine Stock Exchange index (PSEi) finished down 0.70 percent or 49.81 points at 7,050.89, while the All Shares index slipped 0.85 percent or 35.65 points to 4,170.01.
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