jggalanido

Benguet Corporation turns 75 as a publicly-listed company

Benguet Corporation (BC) marked a milestone in its life as a publicly-listed company (PLC) when it turned 75 on January 4, 2025. This momentous occasion was celebrated through a bell ringing ceremony at the Philippine Stock Exchange (PSE) on Friday, January 10, 2025. In his welcome message, PSE President and CEO Ramon S. Monzon lauded…
News

PSE rings in 2025

The Philippine Stock Exchange, Inc. (PSE) ushered in the new year and the first trading day of 2025 through a bell ringing activity on Thursday, January 2. “At the PSE, we are always optimistic and hopeful and this year is no exception. We look forward to a more robust trading year and better capital raising…
News

PSEi closes trading year at 6.5K level

The Philippine Stock Exchange, Inc. index (PSEi) ended the trading year at 6,528.79 points, up by 78.75 points or 1.2 percent from its close of 6,450.04 in 2023. This marked the first time that the PSEi closed higher year-on-year since 2019. Year-on-year, the PSE MidCap and PSE DivY indices increased by 29.1 percent and 22.4 percent,…
News

PSE to acquire 61.92 percent of PDS for P2.32B

The Philippine Stock Exchange, Inc. (PSE) is set to add 61.92 percent to its existing 20.98 percent stake in the Philippine Dealing System Holdings Corporation (PDS) after signing agreements with PDS shareholders today, December 26, 2024. At an acquisition price of Php 600.00 per share, PSE will be purchasing a total of 3.87 million PDS…
News

DITO CME Holdings Corp. raises P2.05B from FOO

DITO CME Holdings Corp. (DITO) raised Php 2.05 billion from the follow-on offering (FOO) of its common shares. The FOO shares were listed on The Philippine Stock Exchange, Inc. (PSE) on Friday, December 6. PSE President and CEO Ramon S. Monzon cited DITO’s fund raising initiatives through private placements and equities offering to improve the…
News

Phinma Corporation lists SRO shares

Phinma Corporation (PHN) listed 50 million from its stock rights offering (SRO) shares on the Philippine Stock Exchange (PSE) on Wednesday, November 27, 2024. The company raised Php 1 billion from the share sale. The SRO is PHN’s first fund raising in the stock market in close to three decades. In his opening remarks, PSE…
News

ASEAN exchange leaders sign MOU to boost regional growth

The ASEAN Exchanges signed a Memorandum of Understanding (MOU) on November 21, 2024 to collaborate on offering Depositary Receipts (DRs) on their respective exchanges, enhancing investment opportunities for domestic investors across the region. The MOU marks a significant milestone in promoting ASEAN as an attractive investment hub. This collaboration aims to develop market and regulatory…
News

ASEAN-Interconnected Sustainability Ecosystem (ASEAN-ISE) Participating Exchanges to Issue a Request for Information (RFI) to Develop a Centralised ASEAN ESG Data Infrastructure

26 November 2024, Kuala Lumpur – The ASEAN-Interconnected Sustainability Ecosystem (ASEAN-ISE) initiative, which aims to create a harmonised ASEAN sustainability ecosystem, continues to make strides. A workshop in Kuala Lumpur last week centred on the development of an ASEAN-level ESG Data Infrastructure, to enable accurate, efficient and standardisation of ESG data collection, analysis and reporting,…
News

PLCs recap 9-months financial performance and growth story at the PSE STAR: Investor Day  

The Philippine Stock Exchange, Inc. (PSE) capped its STAR (Strengthening Access and Reach): Investor Day series for 2024 with a two-day online event featuring 10 publicly listed companies (PLCs) held last November 19-20.   PLC executives presented their nine months financial results and corporate initiatives to fund managers, stock market analysts and investors. The companies bannered…
News

PSE 9M24 net income at P640M

The Philippine Stock Exchange, Inc. (PSE) registered an 11.2 percent increase in its net income for the first nine months of the year to Php 640.25 million from Php 575.65 million in the same period last year due to a surge in other income. Other income went up by 90.8 percent to Php 326.17 million…
News

PSE and MOBILIST host dialogue on capital markets

The Philippine Stock Exchange, Inc. (PSE) hosted the Capital Markets Policy Dialogue organized by the UK Foreign, Commonwealth and Development Office (FCDO) and MOBILIST on Wednesday, October 23, 2024. “We are grateful to the UK FCDO and MOBILIST for putting together this forum and bringing together various capital market stakeholders who presented and discussed updates on…
News

PSE forum tackles what going public entails

The Philippine Stock Exchange, Inc. (PSE) staged The Road to IPO 2024 forum on Tuesday, October 22, 2024 to help PSE LEAP clients and other potential listing applicants better understand the process and prospects of becoming a publicly listed company. The Road to IPO 2024 was co-presented by the Securities and Exchange Commission (SEC) and…
News

PSE joins global Ring the Bell for Financial Literacy

The Philippine Stock Exchange, Inc. (PSE) participated in the Ring the Bell for Financial Literacy campaign of the World Federation of Exchanges (WFE) through a closing bell ceremony on Wednesday, October 9, 2024. Over sixty WFE member organizations took part in the Ring the Bell for Financial Literacy 2024, in support of World Investor Week…
News

PSE seeks public comment on proposed rules for Global Philippine Depositary Receipts

The Philippine Stock Exchange, Inc. (PSE) requested equities market stakeholders to review and give their comments on the proposed rules prepared by the Exchange for Global Philippine Depositary Receipts (GPDR). GPDRs are peso-denominated instruments representing economic interest in an underlying security listed on an overseas stock exchange, where the holder does not possess voting rights…
News

Petron Corporation lists FOO shares

Petron Corporation (PCOR) raised Php 16.83 billion from the follow-on offering (FOO) of its Series 4D and 4E preferred shares. The said shares were listed on the Philippine Stock Exchange (PSE) under the stock symbols, PRF4D and PRF4E, respectively. The Series 4D and 4E preferred shares were taken from the second tranche of PCOR’s Series…
News

PSE signs MOU with Taiwan Stock Exchange

The Philippine Stock Exchange, Inc. (PSE) and Taiwan Stock Exchange (TWSE) entered into a Memorandum of Understanding (MOU) that will formalize and strengthen the relationship between the two bourses. PSE President and CEO Ramon S. Monzon and TWSE Chairman Sherman Lin led the MOU signing ceremony on August 20, 2024, at TWSE Headquarters in Taipei,…
News

PLCs deliver 1H24 financial results and corporate update through PSE STAR: Investor Day

The Philippine Stock Exchange, Inc. (PSE) staged a three-day STAR (Strengthening Access and Reach): Investor Day 1H2024online event featuring 13 publicly listed companies (PLCs) that apprised equity analysts, fund managers, and institutional and retail investors on mid-year earnings and corporate developments. PSE STAR: Investor Day was co-presented by Bloomberg L.P., with the Fund Managers Association of…
News

PSE posts P398M net earnings in 1H24

The Philippine Stock Exchange, Inc. (PSE) reported a net income of Php 398.02 million in the first six months of 2024, down by 4.7 percent year-on-year from Php 417.51 million. The company’s operating revenues were lower by 2.3 percent to Php 722.75 million. Decline in operating revenues was attributed to the 10.7 percent dip in average trading…
News

PSE Index Review: No change in PSEi composition

The Philippine Stock Exchange, Inc.’s (PSE) regular index review covering the July 2023 to June 2024 trading period showed the 30 companies comprising the PSE index (PSEi) will stay as is. The current PSEi members remain to be among the top stocks in terms of market capitalization, liquidity, and free float level. “The index review…
News

13 listed firms slated to join PSE STAR: Investor Day 1H24 briefing

The mid-year edition of PSE STAR: Investor Day will see the participation of 14 publicly listed companies in a live briefing scheduled from August 14 to 16, 2024. As in previous runs, the virtual event will showcase executives and investor relations officers of PLCs who will discuss their financial performance during the first six months…
News

SM Prime Holdings, Inc. commemorates 30th listing anniversary

The Philippine Stock Exchange, Inc. (PSE) marked the 30th listing anniversary of SM Prime Holdings, Inc. (SMPH) with a bell ringing ceremony on Tuesday, July 23, 2024. SMPH had its stock market debut on July 5, 1994 after raising close to Php 6 billion from the sale of primary and secondary shares during its initial public…
News

ASEAN Exchanges Commit to Advance ASEAN as an Attractive Region at the 37th ASEAN Exchanges CEOs Meeting hosted by Bursa Malaysia

Penang, Malaysia, 16 July 2024 – Bursa Malaysia Berhad (“Bursa Malaysia”) hosted the 37th ASEAN Exchanges CEOs Meeting on 12 July 2024, bringing together CEOs from the six major exchanges in ASEAN to discuss initiatives aimed at making the region more competitive, particularly by focusing on the sustainability ecosystem and regional market connectivity. The meeting…
News

Chinabank starts trading under new stock ticker symbol, CBC

The Philippine Stock Exchange, Inc. (PSE) and China Banking Corporation (CBC) held a special bell ringing ceremony to mark the first time that Chinabank will be traded under the stock symbol, CBC, effective Wednesday, June 19. “I believe this is an auspicious time for Chinabank to do this rebranding exercise given its rosy prospects, after…
News

Citicore Renewable Energy Corp. lists P5.3B IPO shares

Citicore Renewable Energy Corporation (CREC) marked its stock market debut on the Philippine Stock Exchange (PSE) with the listing of 1.78 billion primary and 178.57 million overallotment shares on the main board of the Exchange. CREC raised Php 5.30 billion from its IPO, which will be mainly used for the development of solar energy power…
News

PSE registers P242M net income in Q124

The Philippine Stock Exchange, Inc. (PSE) posted a 19.3 percent increase in its net income in the first quarter of 2024 to Php 242.38 million from Php 203.16 million in the same 2023 period. The higher earnings result was mainly due to the 207.0 percent improvement in other income to Php 120.17 million, on account…
News

PSE fetes Alliance Global Group on its silver listing anniversary

The Philippine Stock Exchange, Inc. (PSE) celebrated the 25th listing anniversary of Alliance Global Group, Inc. (AGI) through a bell ringing ceremony. AGI had its stock market debut on April 19, 1999 after selling 88 million shares at Php 1.27 apiece in its initial public offering. AGI is involved in property development, food and beverage manufacturing…
News

Cebu Landmasters, Inc. raises P4.28B from Series A preferred shares

Cebu Landmasters, Inc. (CLI) had its first equity capital raising after its 2017 maiden offering. The property firm raised Php 4.28 billion from the sale of Series A-1 and Series A-2 preferred shares. The shares were listed on the Philippine Stock Exchange (PSE) under the ticker symbol CLIA1 and CLIA2.  “This offering was 1.43 times…
News