PSEi rockets 6.14%, peso reclaims ₱60-level in major market comeback, June 15, 2026

Heavy bargain hunting drives the stock market back above the 6,200-mark while the local currency halts its weeks-long slide.

Philippine financial markets staged a powerful dual rally on Monday, June 15, 2026, as both the local equity market and the national currency posted explosive gains, reversing weeks of prolonged weakness.

The benchmark Philippine Stock Exchange index (PSEi) spearheaded the comeback, skyrocketing by $362.82 points or $6.14% to finish comfortably back above the critical psychological threshold at 6,272.88. The massive single-day surge marks one of the bourse’s strongest single-day performances in recent months, effectively wiping out recent losses and restoring investor confidence to levels unseen prior to the market’s recent downturn.

Peso extends winning streak

Coinciding with the equities rally, the Philippine peso mirrored the robust market sentiment by strengthening significantly against the greenback. The local currency gained 87 centavos to close at ₱60.48 against the US dollar, up from its previous close of ₱61.35.

Monday’s performance marked the peso’s fourth consecutive trading day of gains, successfully reclaiming the ₱60-to-a-dollar territory for the first time since May 8. According to exchange data, the peso hit an intraday high of ₱60.73 before settling at its final rate, signaling a sharp macro-recovery from the near-record lows breached earlier this month.

The simultaneous resurgence of the PSEi and the peso suggests a broader move in investor sentiment, as bargain hunters stepped in to capitalize on heavily discounted local assets while global headwind pressures on the local currency showed signs of easing.

READ: