Manila, Sept. 17 -- Hopes for further reduction in the Bangko Sentral ng Pilipinas' (BSP) key rates party boosted the Philippine Stock Exchange index (PSEi), while the peso stood its ground against the US dollar on Wednesday.

The local bourse's main index rose 1.01 percent to 6,210.66 points, and the All Shares by 0.60 percent to 3,728.61 points.

All the sectoral gauges tracked the main index, led by the Services, which rose 1.90 percent.

Mining and Oil followed with a jump of 1.47 percent, along with the Financials, 1.02 percent; Holding Firms, 0.88 percent; Property, 0.26 percent; and Industrial, 0.16 percent.

Volume reached nearly 7.5 billion shares, amounting to PHP10.01 billion.

Advancers led decliners at 104 to 83, while 59 sha...