DOWN. The local bourse slipped Monday (Feb. 27, 2023) as it tracked US counterparts' finish last Friday and also due partly to investors' decision to stay at the sidelines ahead of some major economic reports both here and in the US. The peso weakened against the US dollar on the decline of the PSEi. (PNA file photo) MANILA - The decline in United States' equity markets last week, along with hawkish signals from Federal Reserve officials, resulted in the negative close of the local bourse's main index on Monday and the weakening of the peso. The Philippine Stock Exchange index (PSEi) shed 1.29 percent, or 86.56 points, to 6,599.34 points. All Shares followed with a drop of 1.12 percent or 39.95 points, to 3,532.25 points. Most of the sectoral gauges also finished the day lower, led by Services after it slipped by 3.46 percent. It was trailed by Mining and Oil, 3.20 percent; Property, 1.55 percent; Industrial, 1.39 percent; and Holding Firms, 0.94 percent. Only the Finan