PSEi posts modest recovery as peso extends slide, July 1, 2026

Stocks opened July on a positive note, but the peso weakened for a second straight session, reflecting mixed signals across Philippine financial markets.

Philippine financial markets kicked off July with mixed performances on Wednesday, July 1, 2026, as the stock market recovered from the previous session’s losses while the peso continued to weaken against the US dollar.

The Philippine Stock Exchange index (PSEi) climbed 32.09 points, or 0.53%, to close at 6,069.26, regaining ground after Tuesday’s decline and moving back above the 6,000 level. The latest gain kept the market in positive territory, although the index continued to trade within a relatively narrow range.

Peso extends decline

The Philippine peso, meanwhile, fell for a second consecutive trading day, losing almost 27 centavos to close at ₱61.621 against the US dollar.

The local currency reached an intraday high of ₱61.65 before ending the session at its closing rate, 28 centavos weaker than the previous day’s intraday peak. The latest finish pushed the peso deeper into the ₱61 territory, reversing much of the recovery it had built during the latter half of June.

The contrasting performances marked the start of the new month, with equities managing to recover some lost ground, and the peso remaining under pressure, indicating that the market continues to navigate an uncertain economic environment.

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