PSEi falls 1.3% on profit-taking

THE stock market snapped a five-day winning streak on Tuesday, plunging by more than 1 percent as investors chose to take profits.

The benchmark Philippine Stock Exchange index (PSEi) lost 101.32 points or 1.30 percent to close at 7,672.00, while the broader All Shares declined 0.89 percent or 41.16 points to end at 4,604.12.