vimarsana.com

Mixed The Philippine Stock Exchange Index Psei Declined Anew On Tuesday Feb 28 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Peso strengthens, PSEi slips as investors await US economic data

MIXED. The Philippine Stock Exchange index (PSEi) declined anew on Tuesday (Feb. 28, 2023) as investors looked forward to more economic data releases from the United States that are expected to impact rate adjustment decision of the Federal Reserve. On the other hand, the peso regained its strength against the US dollar due to the correction of the greenback and the positive US pending homes sales and durable goods orders for January 2023. (PNA graphics) MANILA - The local bourse ended the month in the negative territory as investors looked forward to more economic data releases from the United States but the peso regained its footing against the greenback. For the fourth consecutive day, the Philippine Stock Exchange index (PSEi) slipped and ended the day at 6,556.20 points, down by 0.65 percent or 43.14 points. All Shares followed with a drop of 0.14 percent, or 5.08 points, to 3,527.17 points. Half of the sectoral gauges also finished with declines namely Holding Firms, 2.36 percent

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.