Hopes for a strong output for the Philippine economy this year lifted the Philippine Stock Exchange index (PSEi) on Monday (Jan. 16, 2023). This, along with the deceleration of US inflation rate and hopes for smaller jumps in the Federal Reserve's key rates also buoyed the peso.(File photo) MANILA-Optimism on the domestic economy's performance this 2023 lifted the local bourse's main index above the 7,000-level on Monday, which, in turn, was mirrored by the peso. The Philippine Stock Exchange index (PSEi) gained 1.35 percent, or 93.94 points, to 7,045.48 points. All Shares rose by 1.03 percent, or 37.53 points, to 3,675.15 points. Most of the sectoral indices also inched up during the day, led by the Financials after it climbed 2.80 percent. It was trailed by the Holding Firms, 2.43 percent; Property, 0.37 percent; and Industrial, 0.32 percent. On the other hand, Mining and Oil slipped by 0.69 percent and Services by 0.10 percent. Volume reached 1.11 billion shares amountin