PSEi extends rally as peso snaps fwo-day slide, July 2, 2026

Philippine financial markets closed higher on Thursday as stocks posted a second straight day of gains while the peso edged up after two sessions of losses.

Philippine financial markets ended Thursday, July 2, 2026, on a firmer footing as both the stock market and the peso recorded gains, offering signs of stability after a mixed start to the month.

The Philippine Stock Exchange index (PSEi) climbed 56.46 points, or 0.93%, to close at 6,125.72, extending its advance for a second consecutive trading session. The latest gain lifted the index back above the 6,100 level, suggesting the market is gradually rebuilding momentum after the heightened volatility that marked the end of June.

Peso ends losing streak

The Philippine peso also posted a modest recovery, strengthening by nearly 6 centavos to close at ₱61.565 against the US dollar and snapping its two-day losing streak.

The local currency reached an intraday high of ₱61.65, matching the previous session’s peak before settling slightly stronger at the close. While the gain offered some relief, the peso remained in the ₱61 territory, indicating that pressure on the local currency has yet to fully subside.

Thursday’s session saw both markets move in the same direction after diverging earlier in the week. Although the gains were more modest than those seen during previous rallies, they suggest investors continue to look for stability as markets navigate economic uncertainties.

READ: