Manila, Nov. 3 -- Profit-taking ruled the local bourse on Friday, resulting in the negative close of the main index but the Philippine peso ended sideways against the U.S. dollar.

The Philippine Stock Exchange index (PSEi) shed 0.44 percent to 5,680.35 points, and the broader All Shares shed 0.51 percent to 3,178.42 points.

Mining and Oil posted the biggest drop among the sectoral indices at 1.19 percent, and was followed by the Holding Firms, 0.96 percent; Financials, 0.50 percent; Services, 0.25 percent; Industrial, 0.24 percent; and Property, 0.13 percent.

Volume reached 685.57 million shares, amounting to PHP17.14 billion.

Decliners led advancers at 110 to 63 while 68 shares were unchanged.

"The local bourse retreated in today's...