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× PH bucks regional trend; shares close below 7,800

The local stock barometer closed the week below 7,800 as foreign funds continued to flow out of local equities.

The main-share Philippine Stock Exchange index (PSEi) shed 56.94 points, or 0.73 percent, to close on Friday at 7,747.09 even as most regional markets ended higher.

For the week, the main local index added 163.27 points, or 2.15 percent, as the monetary easing announced by the Bangko…