THE stock market slipped on Monday as investors took a pause ahead of the State of the Nation Address (SONA) which came shortly after market close.

The benchmark Philippine Stock Exchange index (PSEi) dropped by 0.28 percent or 23.24 points to close at 8,246.83. The wider All Shares declined by 0.32 percent or 16.04 points to finish at 4,994.67.

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