PSEi extends rally to six days as peso slips, July 8, 2026

Philippine financial markets delivered mixed results, with the stock market extending its winning streak while the peso surrendered part of its previous session’s gains.

Philippine financial markets ended Wednesday, July 8, 2026, with mixed performances as the stock market continued its steady climb while the peso edged lower against the US dollar.

The Philippine Stock Exchange index (PSEi) rose 28.66 points, or 0.46%, to close at 6,275.77, extending its winning streak to six consecutive trading sessions. The latest advance pushed the index closer to the 6,300 level, reinforcing the market’s gradual recovery after the volatility that weighed on local equities in previous weeks.

Peso gives up gains

The Philippine peso, meanwhile, weakened by 7 centavos to close at ₱61.505 against the US dollar, giving up the gains it posted in the previous trading session.

The local currency reached an intraday high of ₱61.625 before settling at its closing rate, around 17 centavos weaker than Tuesday’s peak. Despite the pullback, the peso remained within the ₱61 territory, reflecting relatively stable trading compared with the sharper swings seen earlier in the year.

Wednesday’s session highlighted diverging movements across the country’s financial markets. The PSEi extended its longest winning streak in weeks, while the peso showed that pressure on the currency has yet to subside.

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