Profit-taking breaks 2-day equities rally

By Earl John Alfaro

Aug 29, 2024 12:29 am

PHILIPPINE stocks succumbed to profit-taking on Wednesday as investors booked gains accumulated during the market's two-day climb, with the local stock barometer briefly hitting an intraday high of 7,016.04.

The benchmark Philippine Stock Exchange index fell 0.22 percent, or 15.4 points, to 6,958.01.

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