The 30-company Philippine Stock Exchange index lost 7.79 points, or 0.12 percent, to close at 6,298.20, while the broader all-shares index declined 7.06 points, or 0.21 percent, to settle at 3,398.56.
“Moreover, the negative sentiment from Wall Street given the rise of US treasury yields and revision of IMF [International Monetary Fund] of its Philippine growth forecast to 5.3 percent weighed on the sentiment,” Alviar said.
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