Philippine financial markets opened the week on a stronger footing as stocks advanced for a second straight session while the peso continued its gradual recovery against the US dollar.
Philippine financial markets posted another positive trading day on Monday, June 29, 2026, with both the stock market and the local currency extending their recent recoveries following weeks of heightened volatility.
The Philippine Stock Exchange index (PSEi) climbed 61.17 points, or 1.01%, to close at 6,133.41, marking its second consecutive day of gains. The advance lifted the index further above the 6,100 level, building on last week’s rebound after briefly slipping below the 6,000 mark and signaling continued improvement in market sentiment.
Peso continues to recover
The Philippine peso also strengthened, gaining 12 centavos to close at ₱61.17 against the US dollar after ending the previous trading session unchanged.
During the session, the local currency reached an intraday high of ₱61.32, 4 centavos stronger than Friday’s rate. The latest close marked the peso’s strongest finish in nearly two weeks, extending its gradual recovery from the weaker levels recorded earlier this month.
Monday’s trading reflected continued improvement across the country’s financial markets, with both equities and the peso adding to recent gains. While both remain below their stronger levels seen earlier this year, the back-to-back advances suggest local markets are continuing to stabilize after a volatile stretch.
