PROFIT-TAKING weighed on the stock market while the peso closed higher against the dollar as investors continued to await full-year economic growth results out on Thursday.

The benchmark Philippine Stock Exchange index (PSEi) dropped by 28.18 points, or 0.40 percent, to close at 7,041.50 while the broader All Shares lost 4.77 points, or 0.13 percent, to end the day at 3,686.48.

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