The stock market on Wednesday retreated by more than 1 percent in light trading, with analysts describing the local bourse as “resting” while investors set their focus on the Federal Open Market Committee (FOMC) meeting.
The benchmark Philippines Stock Exchange Index (PSEi) fell by 1.16 percent or 82.87 points to end the day at 7,065.39, while the wider All Shares dipped by 0.84 percent or 34.75 points to finish at 4,089.25.
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