Passable economic trajectory stimulates PSEi

MANILA - benchmark Philippine Stock Exchange index (PSEi) extended gains on Thursday after the government said first-quarter gross domestic product grew faster than expected despite concerns over the impact of elevated inflation. By the closing bell, the PSEi rose 0.25 percent, or 16.87 points, to 6,675.46 while the broader All Shares index added 0.15 percent, or 5.38 points, to 3,551.48. The Philippine Statistics Authority said on Thursday the economy expanded by 6.4 percent in the first quarter of 2023. https://business.inquirer.net/400371/philippines-gdp-growth-above-target-at-6-4-in-q12023 This came at a slower pace versus the previous quarters but better than the 6.2-per...Keep on reading: Passable economic trajectory stimulates PSEi

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