Stocks traded lower Wednesday

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The 30-company Philippine Stock Exchange index lost 12.63 points, or 0.20 percent, to close at 6,268.27 on Oct. 18, 2023.

Philippine stocks finished lower Wednesday as investors took time to analyze the latest movement in US bond yields and corporate earnings.

The 30-company Philippine Stock Exchange index lost 12.63 points, or 0.20 percent, to close at 6,268.27, while the broader all-shares index retreated 5.98 points, or 0.18 percent, to settle at 3,385.40. The two-year US yields hit the highest levels in more than 16 years, while those on 10-year notes jumped 13 basis points to 4.83 percent.

Regina Capital and Development Corp. head of sales Luis Limlingan said investors were also monitoring the impact of US President Joe Biden’s vista to Israel on the Middle East conflict.Illicit cigarette trade erodes government revenues and threatens to increase smoking prevalence in the Philippines from the present 23 percent,...State-run Development Bank of the Philippines on Wednesday confirmed the suspension of the implementation of the Maharlika Investment Fund ....

Manila Standard website , launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry.

 

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