However, after pushing the PSE to a new peak of nearly 7,400 pts last May, foreign capital managers went on a selling spree to withdraw their money and bring home profits, pulling down the PSE back to around 6,100 points by mid-June and causing the sharp devaluation of the peso due to increased demand by homebound hot money that needs to be converted back to dollars.
Gayunpaman, matapos abutin ng PSE ang bagong rurok na halos 7,400 puntos noong Mayo, pinagbabawi naman ng mga dayuhang nangapital ang kanilang puhunan at iniuwi ang kita. Hinatak naman nito pababa ang PSE nang halos 6,100 puntos noong kalagitnaan ng Hunyo na naging sanhi ng matarik na debalwasyon ng piso bunga ng paglaki ng demand ng hot money na iuuwi na at kailangang maipalit muli sa dolyar.