The Philippine Stock Exchange index (PSEi) went up by 0.6% or 37.68 points to close at 6,326.89, while the broader all shares index rose 0.5% or 17.15 points to end at 3,437.92. “The local bourse ended higher as sentiment improved following the Bangko Sentral ng Pilipinas’ (BSP) remarks that weaker economic growth could reduce the need for further rate hikes. However, when asked if the second-quarter growth print has eased the pressure to hike further, he said: “Yes.” In the second quarter, Philippine economic growth slumped to a new post-pandemic low of 2.3%, slower than 2.8% in the first quarter and 5.4% a year ago. Value turnover went up to P5.13 billion on Tuesday with 881.01 million shares traded from the P4.096 billion with 621.75 million issues that changed hands on Monday.