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Benchmark PSEi tumbles by 2.1% as shares retreat after bullish breakout

By Inquirer - 2 months ago
The local bourse pulled back from the heights on Monday, Sept. 30, after days of being overbought, mostly due to last-minute dumping of index heavyweights. By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) tumbled by 2.1 percent, or 155.65 points, to 7, 272.65. Likewise, the broader All Shares Index shed 1.3 percent,

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