Local shares closed lower for the second time this week on the back of extensive losses for Philippine Long Distance Telephone Company (PLDT) and weak oil and gold world prices.

The Philippine Stock Exchange index (PSEi) closed down 0.18 percent or 13.20 points at 7,208.81, while the All Shares index inched up 0.005 percent or 0.20 points to 4,244.50.

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