Philippine News Agency
PH stocks gauge rises, peso finishes sideways vs. greenback
The Philippine Stock Exchange index (PSEi) saw an increase of 0.26 percent, closing at 7,203.72 points.
All other sectoral indexes experienced gains, led by Mining and Oil, Industrial, and Services.
The peso remained sideways against the US dollar, closing at 50.39.
Trading volume totaled 4.69 billion shares amounting to PHP7.68 billion.
The Federal Reserve announced it will begin trimming its monthly bond purchases in November with plans to end them in 2022.
The Federal Open Market Committee (FOMC) kept key rates unchanged after its two-day meeting ending November 3.
The Fed will reduce its monthly asset purchases by USD10 billion for Treasury securities and USD5 billion for agency mortgage-backed securities.
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