Peso weakens as PSEi sinks to new weekly low, September 24, 2026

The peso edged lower to reverse Wednesday’s pause, while local equities shed over 60 points to mark a sixth straight day in negative territory.

Philippine financial markets faced continued selling pressure on Thursday, September 24, 2026, as the Philippine peso resumed its decline and the Philippine Stock Exchange index (PSEi) fell to its lowest level of the week.

The PSEi tumbled 65.12 points, or 1.12%, to finish at 5,730.02, extending its losing streak to six consecutive sessions.

The benchmark index deepened its stay below the 6,000 threshold, continuing to yield ground under persistent market headwinds.

Peso slips following brief pause

Meanwhile, the Philippine peso surrendered 1 centavo to close at ₱62.735 against the US dollar, reversing its brief pause from the prior session.

Intraday trading saw the local unit hit a low of ₱62.795—shedding 10 centavos from Wednesday’s low of ₱62.695—though it comfortably held above the ₱62 level.

Thursday’s session underscored persistent weakness across local asset classes. The PSEi extended its slide further into sub-5,800 territory, while the peso edged closer toward recent low levels against the dollar.

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