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Peso weakens, stock market gains

The peso weakened by 17 centavos to P56.25 against the dollar but the benchmark Philippine Stock Exchange index (PSEi) added 15.85 points, or 0.23 percent, to close Wednesday higher at 6,876.52.

The broader All Shares index also climbed, by 0.24 percent or 8.57 points, to 3,591.66.