PSEi rebounds 1.05 percent to 5,736.69 on bargain hunting; peso edges up to ₱62.75
The PSEi closed at 5,736.69 on October 7 (+1.05%, +59.57 points) and the all shares index at 3,191.99 (+0.67%). Foreigners bought a net ₱175.56 million (Philstar, Tribune, GMA News). The peso ended at ₱62.75, up 2.1 centavos (BusinessWorld, BAP data). The record-low close at that time was ₱62.86 on September 14 (GMA News).
Stocks and the peso track U.S. rate expectations and oil, and both are still near multi-month lows.
A small peso gain does not change import prices. Investors should treat one rebound as noise.
Bargain buying and net foreign inflows suggest stocks may have found a floor.
Thursday brought hawkish Fed minutes and a rise in U.S. yields, which usually weigh on the peso.
The peso sits within a few centavos of a record. Watch the ₱62.86 to ₱63 band and whether foreign flows continue.
DailyDrop Philippines edition No. 4 · Morning · THU., OCT. 8, 2026