Stock Market

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…
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OceanaGold Philippines, Inc. debuts on the PSE

The Philippine Stock Exchange, Inc. (PSE) welcomed its first initial public offering (IPO) of the year with the listing of OceanaGold (Philippines), Inc. (OGP). The mining firm sold 456 million secondary shares worth Php 6.08 billion. OGP’s Didipio mine is the first mining project awarded a Financial or Technical Assistance Agreement (FTAA) by the Philippine…
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PSE STAR 2024 edition kicks off with Q1 briefing on May 15 and 16

The Philippine Stock Exchange, Inc. (PSE) is opening the 2024 edition of PSE STAR Investor Day with the first quarter briefing of 11 publicly listed companies slated on May 15 and 16. The PLCs will tackle their financial performance for the first three months of the year as well as their strategic initiatives and growth…
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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…
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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…
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PSE EASy rolls out new features

The Philippine Stock Exchange, Inc. (PSE) has added new features on its PSE Electronic Allocation System (PSE EASy) website, a platform that enables Local Small Investors (LSIs) to participate in initial public offerings (IPOs) and follow-on offerings (FOOs). PSE EASy now has an integrated electronic payment system that enables LSIs to pay for subscribed shares…
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PSE marks women’s month with ring the bell program

The Philippine Stock Exchange, Inc. (PSE) joined 121 member-organizations of the World Federation of Exchanges (WFE) in raising awareness on the importance of gender equality and women empowerment through the Ring the Bell for Gender Equality program. In his message, PSE COO Atty. Roel A. Refran cited results of the December 2023 Asia Regional Report…
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Invest ASEAN Conference positions the region as a compelling investment destination to Australian investors

Melbourne, Australia, 7 March 2024 – The ASEAN Exchanges, led by Bursa Malaysia and its broker partner, Macquarie Capital, today hosted the Invest ASEAN Conference 2024 in Melbourne, Australia, to promote ASEAN capital markets as a compelling investment destination. Entitled ‘Gateway to ASEAN Investment: Empowering Opportunities for Sustainable Growth’, the event provided institutional investors based…
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PSE launches Embracing the IPO Mindset campaign

The Philippine Stock Exchange, Inc. (PSE) hosted a forum dubbed Road to IPO: Embracing the Growth Mindset for its Listing Engagement and Assistance Program (LEAP) clients on February 28, 2024. The event showcased the launch of the Embracing the IPO Mindset video featuring CEOs of seven publicly listed companies (PLCs) who narrated why they chose…
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PSE and Department of Migrant Workers ink MOU for financial literacy initiatives

The Philippine Stock Exchange, Inc. (PSE) and the Department of Migrant Workers (DMW) signed a Memorandum of Understanding (MOU) to collaborate in financial literacy initiatives for Overseas Filipino Workers (OFWs). The MOU covers the conduct of learning sessions for OFWs and their families as well as development of materials intended for migrant workers. An online…
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A Brown lists Series B and C preferred shares

A Brown Company, Inc. (BRN) concluded its follow-on offering (FOO) with the listing of its Series B and Series C preferred shares on the Philippine Stock Exchange (PSE). The property company raised Php 1.44 billion from the share sale, which will be used for pipeline real estate projects, landbanking, and other general corporate purposes. PSE…
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Century Properties Group raises P2B from preferreds sale

Century Properties Group, Inc. (CPG) listed its Series B preferred shares on the Philippine Stock Exchange (PSE) under the stock symbol CPGPB. CPG raised Php 2 billion from the share issuance which will be used to finance the principal payment of CPG fixed rate 3-year bonds. In his welcome remarks during the listing ceremony, PSE President and CEO…
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PSE to implement VWAP trading on March 1

The Philippine Stock Exchange, Inc. (PSE) will open Volume Weighted Average Price (VWAP) trading on Friday, March 1, 2024. This comes after the Securities and Exchange Commission approved PSE’s VWAP Trading Rules as well as the briefing of trading participants (TPs) and onboarding of authorized traders of TPs interested in this facility. “The ability to…
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PSE ushers in Year of the Wood Dragon

The Philippine Stock Exchange, Inc. (PSE) marked the first trading day of the lunar new year with a lion and dragon dance and an opening bell ringing event led by PSE Chairman Jose T. Pardo and Director Ma. Vivian Yuchengco. Year-to-date, the PSEi has gained 5.5 percent. Photo shows (from left): PSE Capital Market Development…
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PSE clears first IPO for 2024

Citicore Renewable Energy Corporation will open the 2024 initial public offering (IPO) season at the Philippine Stock Exchange (PSE).The renewable energy (RE) firm, which will trade under the ticker symbol CREC, will be selling up to 2.90 billion primary shares, with an overallotment option of 435 million secondary shares. CREC’s offer period is tentatively scheduled…
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Top Frontier Investment Holdings celebrates 10th listing year

The Philippine Stock Exchange, Inc. (PSE) presented Top Frontier Investment Holdings, Inc. (TFHI) with an anniversary plaque to mark TFHI’s first decade as a publicly listed company. The holding firm, which is the largest shareholder of San Miguel Corporation (SMC), listed by way of introduction at the PSE on January 13, 2014. In his welcome…
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PSE opens first trading day of 2024

The PSE index (PSEi) kicked off the trading year in the green as it rallied by 104.00 points or 1.6 percent to 6,554.04. The All Shares index also closed higher by 41.38 points or 1.2 percent to 3,465.97. Value turnover was at Php 3.66 billion. “We welcome 2024 with hopes of a better performance for…
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PSE draws 2023 to a close

The Philippine Stock Exchange, Inc. index closed at 6,450.04 points, down by 69.07 points or 1.1 percent on the last trading day of 2023. Year to date, the main index decreased by 1.8 percent. Daily average value turnover was at Php 6.09 billion, down by 16.5 percent from 2022’s Php 7.30 billion average. The market registered Php 53.67 billion worth…
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PSE joins global stock exchanges in ring the bell for climate initiative

The Philippine Stock Exchange, Inc. (PSE) took part in the inaugural Ring the Bell for Climate of the World Federation of Exchanges (WFE). Participating members of WFE rang the bell between November 30 and December 12, the same schedule as the COP28 UN Climate Summit in Dubai. This initiative aims to mobilize WFE’s global network of bourses…
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SMC raises P34-billion from follow-on offering

San Miguel Corporation (SMC) formally listed its Series 2-L, 2-N and 2-O preferred shares through a bell ringing ceremony held at the Philippine Stock Exchange (PSE) on Friday, December 1, 2023. SMC raised Php 34 billion from the sale of firm offer shares and over-subscription option shares during its follow-on offering (FOO). PSE President and…
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Concepcion Industrial leads bell ringing to mark 10 years as a listed company

Concepcion Industrial Corporation (CIC) led today’s bell ringing ceremony to mark its tenth anniversary as a publicly listed firm. CIC listed its shares at the Philippine Stock Exchange (PSE) on November 27, 2013 and raised a total of Php 2.24 billion from the sale of its primary and secondary shares during its initial public offering. CIC, a diversified…
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PSE commemorates Robinsons Retail Holdings’ 10th listing anniversary

Company directors and officers of The Philippine Stock Exchange, Inc. (PSE) and Robinsons Retail Holdings, Inc. (RRHI) jointly celebrated the latter’s 10th anniversary as a publicly listed company through a bell ringing ceremony. RRHI raised Php 28.12 billion from the sale of primary and over-allotment shares during its initial public offering (IPO). Its shares were listed at the…
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Discovery World Corporation marks 10th listing anniversary

The Philippine Stock Exchange, Inc. (PSE) hosted a bell ringing ceremony for Discovery World Corporation (DWC) to mark the company’s tenth anniversary as a publicly listed company. DWC raised Php 551.04 million from the sale of primary common shares during its initial public offering (IPO). In his welcome message during the event, PSE President and CEO Ramon…
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PSE posts 9M23 net income of P575.65M

The Philippine Stock Exchange, Inc.’s (PSE) net income for the January to September 2023 period reached Php 575.65 million, up by 19.9 percent in the same period a year ago, due to gains in financial investments. The company’s operating revenues, on the other hand, slid by 8.7 percent to Php 1.10 billion from Php 1.20…
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