PSEi extends slide as peso matches record low, July 22, 2026

Philippine financial markets remained under pressure on Wednesday as stocks fell for a second straight session while the peso matched its weakest closing level on record.

Philippine financial markets extended their losses on Wednesday, July 22, 2026, as both the stock market and the peso remained under pressure amid continued cautious trading.

The Philippine Stock Exchange index (PSEi) dropped 65.95 points, or 1.04%, to close at 6,267.85, extending the losses posted in the previous trading session. The index remained below the 6,400 level, suggesting the market continued to give up part of the gains recorded during the previous trading week.

Peso matches historic low

The Philippine peso also weakened, slipping by half a centavo to close at ₱61.75 against the US dollar, matching the historic low closing rate recorded on May 18 this year.

The local currency reached an intraday high of ₱61.75, virtually unchanged from the previous session’s rate. The latest finish underscored persistent pressure on the peso as it traded at its weakest closing level on record.

Wednesday’s session highlighted sustained weakness across Philippine financial markets. With the PSEi posting a second consecutive decline and the peso matching its record low against the US dollar, investors remained cautious as they monitored global market developments and their potential impact on the local economy.

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