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THE peso and the stock market both dropped at the start of the trading week, falling back to the P56:$1 and 6,700 levels, respectively, in the absence of major catalysts.

The currency strengthened by 19-and-a-half centavos to P55.92 against the dollar, while the Philippine Stock Exchange index (PSEi) advanced by 84.24 points, or 1.27 percent, to 6,707.25 — its highest close since March 8, 2023s 6,711.49.

THE peso and the stock market capped the trading week with declines, the former weakening by 13 centavos to P55.97 against the dollar while the latter fell by 7.33 points, or 0.11 percent, to 6,503.54.

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THE peso edged up and the stock market also closed higher to end the week on a positive note.

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The currency strengthened by 16 centavos to P56.63 versus the dollar, while the benchmark Philippine Stock Exchange index (PSEi) recovered 39.87 points, or 0.64 percent, to 6,222.94.

THE stock market could regain some ground following last weeks selloff but volatility should also be expected ahead of the release of second quarter growth data this Thursday, analysts said.

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