Philippine shares drifted off their record peak further in a second consecutive day of a “welcome correction” on Friday, with profit-takers cashing in their gains ahead of the tax month.

The Philippine Stock Exchange index (PSEi) slipped 0.44 percent or 33.82 points to 7,730.57, while the All Shares index lost 0.27 percent or 12.08 points to 4,498.61.

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