PSEi slips below 6,100 as Peso weakens back above ₱61 level, June 22, 2026

Philippine financial markets retreated at the start of the week, with both stocks and the local currency surrendering part of their recent gains.

Philippine financial markets opened the week on a weaker note on Monday, June 22, 2026, as both the stock market and the peso posted losses, reflecting mounting pressures after recent signs of stabilization.

The Philippine Stock Exchange index (PSEi) dropped by 100.33 points, or 1.64%, to close at 6,035.02, slipping closer to the 6,000 level. The decline marked one of the index’s steeper losses in recent sessions and erased much of the stability seen after last week’s rebound above 6,200.

Peso retreats sharply

The Philippine peso also weakened against the US dollar, falling by nearly 35 centavos to close at ₱61.123 from the previous session’s ₱60.775.

The local currency reached an intraday high of ₱61.18, around 36 centavos weaker than Friday’s rate. The latest close pushed the peso back above the ₱61 level and wiped out a significant portion of the gains recorded during its earlier recovery.

Monday’s performance showed both the equities market and the peso losing ground simultaneously, underscoring the fragile nature of the recent recovery and highlighting the volatility that continues to influence the country’s financial markets.