PSEi and peso sustain modest gains, July 16, 2026

Philippine financial markets extended their recovery on Thursday as the stock market held above the 6,300 level while the peso posted a second straight day of gains against the US dollar.

Philippine financial markets extended their recovery on Thursday, July 16, 2026, with both the stock market and the peso posting another day of gains.

The Philippine Stock Exchange index (PSEi) rose 22.65 points, or 0.36%, to close at 6,325.15, extending its gains from the previous trading session.

The benchmark index held above the 6,300 mark after reclaiming it a day earlier, posting its highest close so far this month. The latest finish suggests sustained buying interest as the market continues to build on its recent recovery.

Peso posts second straight gain

The Philippine peso strengthened by 7 centavos to close at ₱61.62 against the US dollar, extending its recovery for a second consecutive trading session.

The local currency reached an intraday high of ₱61.70, reflecting slightly stronger trading than the previous session. Despite the back-to-back gains, the peso remained in the ₱61 territory, indicating that pressure on the local currency has yet to fully ease.

Thursday’s session saw both the PSEi and the peso build on the previous day’s gains, suggesting improving market sentiment as investors continued to monitor economic and financial developments.

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