PROFIT-TAKING pushed the local bourse lower on Friday, with investors opting to collect gains from the last few weeks’ advance while waiting for the outcome of the meeting of the US Federal Open Market Committee (FOMC) set for next week.

The Philippine Stock Exchange index (PSEi) lost 30.28 points or 0.39 percent to close at 7,809.54, while the All Shares index shed 5.49 points or 0.12 percent, finishing the week at 4,545.05.

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