The main index hiked 42.23 points or 0.60 percent to close at 7,124.84 with the Financials and Services sectors leading the advance although the Property and Mining and Oil counters retreated.“Philippine shares continued to claw their way up as jobless claims dropped to over a decade low of 187k, pointing that the economic recovery of the U.S.
Back home, the Bangko Sentral kept the key policy rate steady at a record low of 2 percent for an 11th consecutive meeting yesterday, as expected. “As per Diokno, the central bank remains vigilant over possible implications of the dragging Ukraine war on the local economy. He also noted that the regulatory body is ready to take action on potential second-round effects from elevated pressures to inflation,” said Limlingan.