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PSEi back in the red

The Philippine stock index returned to negative territory on Monday as investors booked gains while waiting for new catalysts.

The bellwether Philippine Stock Exchange index (PSEi) fell by 0.55 percent or 40.47 points to 7,342.37, while the broader All Shares slipped 0.33 percent or 13.15 points to finish at 3,951.53.