PSEi falls 2.10%, peso ends five-day rally in June 17 market pullback

The stock market surrendered more of its recent gains while the peso slipped against the dollar, ending a week-long recovery streak.

Philippine financial markets retreated on Wednesday, June 17, 2026, as both the stock index and the local currency weakened after several days of strong gains.

The Philippine Stock Exchange index (PSEi) declined by 130.94 points, or 2.10%, to close at 6,114.81. The drop extended the previous session’s losses and erased a larger portion of its recent gains, although the index remained above the 6,000 level.

Despite the decline, the index continued to hold on to part of the gains generated by its powerful rebound earlier this week, when it surged back above the 6,200 mark.

Peso snaps winning streak

Meanwhile, the Philippine peso weakened against the US dollar, slipping by nearly eight centavos to close at ₱60.393 from the previous session’s ₱60.32.

The decline ended the local currency’s five-day winning streak, which had brought it back to the ₱60 territory after hovering near record-low levels earlier this month. During Wednesday’s trading, the peso reached an intraday high of ₱60.44 before settling at its closing rate.

The simultaneous decline in both the stock market and the peso marked a pause in the general recovery seen in recent sessions, though both indicators remained significantly stronger than the levels recorded in prior weeks.

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