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Peso up as PSEi slips on worries over next Fed rate decision

WORRIED INVESTORS. Concerns on the next policy rate decision of the Federal Reserve continue to worry investors, resulting in another negative close of the local bourse's main index on Thursday (Feb. 23, 2023). On the other hand, the peso improved against the US dollar partly on the robust inflows of foreign portfolio investments and the ratification by the Senate of the Regional Comprehensive Economic Partnership trade deal. (PNA graphics) MANILA Risk-off sentiments continued to weigh on the local bourse, resulting in another negative close for the Philippine Stock Exchange index (PSEi), but the peso recovered against the greenback. The PSEi went down by 0.20 percent, or 13.33 points, to 6,685.90 points. All Shares also went down by 20 percent, or 7.16 points, to 3,572.20 points. Most of the sectoral gauges also ended the day in the negative territory -Property, 0.75 percent; Financials, 0.59 percent; Mining and Oil, 0.47 percent; and Holding Firms, 0.20 percent. On the other ha ....

San Carlos , Negros Occidental , United States , Michael Ricafort , Luis Limlingan , Rizal Commercial Banking Corporation , Holding Firms , Regina Capital Development Corporation , Senate Of The Regional Comprehensive Economic Partnership , Philippine Stock Exchange , Federal Reserve , West Texas Intermediate , Commercial Banking Corporation , Regional Comprehensive Economic Partnership , Worried Investors Concerns On The Next Policy Rate Decision Of Federal Reserve Continue To Worry , Esulting In Another Negative Close Of The Local Bourse 39s Main Index On Thursday Feb 23 , 023 On The Other Hand , He Peso Improved Against The Us Dollar Partly On Robust Inflows Of Foreign Portfolio Investments And Ratification By Senate Regional Comprehensive Economic Partnership Trade Deal Pna Graphics Manila Risk Off Sentiments Continued To Weigh Local Bourse , Esulting In Another Negative Close For The Philippine Stock Exchange Index Psei , Ut The Peso Recovered Against Greenback Psei Went Down By 0 20 Percent , R 13 33 Points , Go 6 , 685 90 Points All Shares Also Went Down By 20 Percent , R 7 16 Points , O 3 , 572 20 Points Most Of The Sectoral Gauges Also Ended Day In Negative Territory Property ,