PSEi recovers as peso extends decline, August 7, 2026

Philippine shares snapped a three-day losing streak while the peso weakened for a second straight session, keeping markets on mixed footing.

Philippine financial markets ended the week on a mixed note on Friday, August 7, 2026, as the Philippine Stock Exchange index (PSEi) regained ground after three straight sessions of losses while the peso continued to weaken against the US dollar.

The PSEi climbed 12.40 points, or 0.20%, to close at 6,290.35, snapping its three-day losing streak.

Despite the gain, the benchmark remained below the 6,300 level, suggesting the market regained some ground while buying interest continued to fluctuate.

Peso extends decline

Meanwhile, the Philippine peso weakened by over 14 centavos to close at ₱60.96 against the US dollar, extending its decline to a second consecutive trading session.

The local currency reached an intraday high of ₱61.06, about 22 centavos weaker than the previous session’s rate. Despite the latest drop, the peso remained within the ₱60 territory, although it continued to move closer to the ₱61 level.

Friday’s session reflected mixed sentiment across Philippine financial markets. While local equities managed to recover from a three-day slide, the peso faced renewed pressure after its recent rebound, keeping investors cautious as both markets searched for clearer direction.

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