PSEi extends decline as peso returns to ₱60 territory, August 5, 2026

Philippine financial markets closed mixed on Wednesday as stocks posted a second straight decline while the peso staged a sharp recovery against the US dollar.

Philippine financial markets ended mixed on Wednesday, August 5, 2026, as the stock market extended its losses while the peso rebounded strongly from the previous trading session.

The Philippine Stock Exchange index (PSEi) dropped 10.33 points, or 0.16%, to close at 6,286.31, extending the losses posted in the previous trading session. The index remained below the 6,300 level, suggesting the market continued to trade cautiously after slipping beneath the threshold.

Peso returns to ₱60 range

The Philippine peso strengthened, gaining over 41 centavos to close at ₱60.751 against the US dollar, recovering sharply after briefly returning to the ₱61 territory in the previous session.

The local currency reached an intraday high of ₱61.05, around 17 centavos stronger than Tuesday’s rate. The latest finish pushed the peso back into the ₱60 range, signaling renewed strength after the previous day’s sharp decline.

Wednesday’s session reflected mixed sentiment across Philippine financial markets. While the index extended their losing streak for a second consecutive trading day, the peso posted a strong rebound against the US dollar, highlighting diverging movements as investors continued to monitor domestic and global economic developments.

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