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MIXED ANEW. The Philippines main equities index ended Thursday (Feb. 2, 2023) down following the widely expected 25 basis point increase in the Federal Reserve's key rates. However, the peso gained against the US dollar and even climbed to the 53-level. (PNA graphics) MANILA - The widely expected 25 basis point increase in the Federal Reserve's key rates resulted in the negative close of the local bourse's main index on Thursday but the peso improved against the United States dollar. The Philippine Stock Exchange index (PSEi) shed 0.70 percent, or 49.57 points, to 6,986.19 points. All Shares ended sideways after declining by 0.09 percent, or 3.39 points, to 3,683.78 points. However, more of the sectoral indices gained during the day namely Mining and Oil, 3.04 percent; Services, 0.75 percent; Industrial, 0.24 percent; and Financials, 0.20 percent. Volume reached 1.29 billion shares amounting to PHP8.9 billion. Advancers led decliners at 114 to 67 while 56 shares were unchan

United statesSan carlosNegros occidentalJerome powellMichael ricafortRizal commercial banking corporationFederal reservePhilippine stock exchangeCommercial banking corporationMixed anew the philippines main equities index ended thursday feb 2023 down following the widely expected 25 basis point increase in federal reserve 39s key rates howeverHe peso gained against the us dollar and even climbed to 53 level pna graphics manila widely expected 25 basis point increase in federal reserve 39s key rates resulted negative close of local bourse main index on thursday but improved united states philippine stock exchange psei shed 0 70 percentR 49 57 pointsGo 6986 19 points all shares ended sideways after declining by 0 09 percentR 3 39 points