Local investors took money off the table before the release of critical economic data in the Philippines and the US, pushing stocks lower on Wednesday despite more companies reporting robust earnings in the third quarter of the year. By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) sank 0.75 percent, or 47.42 points, to 6,241.68 while the broader All Shares index slipped 0.45 percent, or 15.01 points, to 3,292.74. A total of 427.7 million shares valued at P5.56 billion changed hands while foreigners were net buyers to the tune of P509.31 million. Stocks retreated ahead of the release of local gross domestic product and US inflation data on Nov. 10. Senti...
Keep on reading: Rosy corporate numbers fail to tame PH investors’ jitters
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