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Peso retreats back to P63:$1; PSEi falls to 5,761.95


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Peso retreats back to P63:$1; PSEi falls to 5,761.95

Philippine financial markets ended the trading week on a negative note, with the peso retreating back to the P63:$1 level, and local shares edging lower.

The local currency shed 8.5 centavos to close at P63.055:$1 from Thursday’s finish of P62.97:$1.

To recall, the peso closed at a historic low of P64.17:$1 on October 27, 2026, its 33rd record low this year.

Local equities also closed the week on a weaker note, as the Philippine Stock Exchange index (PSEi) shed 16.19 points or 0.28% to 5,761.95. The broader All Shares index lost 11.16 points or 0.35% to 3,218.31.

Nearly all sectoral indices closed lower — industrial by 0.42%, holding firms by 0.29%, property by 0.38%, services by 1.39%, and mining and oil by 0.98%. Only financials posted gains, up by 1.24%.

More than 815.396 million shares, valued at P6.359 billion, changed hands. Decliners led advancers, 96 to 69, while 70 issues were unchanged. —AOL, GMA News