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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 ....

San Carlos , Negros Occidental , United States , Michael Ricafort , Luis Limlingan , Morgan Stanley Capital International , Rizal Commercial Banking Corporation , Holding Firms , Regina Capital Development Corporation , Philippine Stock Exchange , City Home Price Index , Federal Reserve , Commercial Banking Corporation , Mixed The Philippine Stock Exchange Index Psei Declined Anew On Tuesday Feb 28 , 023 As Investors Looked Forward To More Economic Data Releases From The United States That Are Expected Impact Rate Adjustment Decision Of Federal Reserve On Other Hand , He Peso Regained Its Strength Against The Us Dollar Due To Correction Of Greenback And Positive Pending Homes Sales Durable Goods Orders For January 2023 Pna Graphics Manila Local Bourse Ended Month In Negative Territory As Investors Looked Forward More Economic Data Releases From United States But Footing Fourth Consecutive Day , He Philippine Stock Exchange Index Psei Slipped And Ended The Day At 6 , 556 20 Points , Own By 0 65 Percent Or 43 14 Points All Shares Followed Witha Drop Of , R 5 08 Points , O 3 , 527 17 Points Half Of The Sectoral Gauges Also Finished With Declines Namely Holding Firms , Inancials Rose By 1 61 Percent , Ndustrial By 1 43 Percent And Mining Oil 0 35 Volume Reached 74 Billion Shares Amounting To Php21 18 Advancers Surpassed Decliners At 117 80 While 40 Were Unchanged Luis Limlingan , Egina Capital Development Corporation Rcdc Head Of Sales , Aid Psei Was Affected Partly By The Earnings Reports Listed Firms And Morgan Stanley Capital International Msci Rebalancing ,