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,…

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…

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…

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…

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…

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,…

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…

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…

The Philippine Stock Exchange, Inc. (PSE) will host 10 publicly listed companies (PLCs) slated to present their financial results for the past nine months before an audience comprised of investment professionals, portfolio managers, stock market analysts and investors during the third edition of the 2024 PSE STAR: Investor Day on November 19 and 20. Aside…

The Philippine Stock Exchange, Inc. (PSE) has given the go signal for Top Line Business Development Corp. (Topline) to proceed with its initial public offering (IPO) tentatively slated for November 27 to December 3, 2024. The Cebu-based fuel retailer will offer up to 3.68 billion primary shares, with up to 368.31 million over-allotment option shares. The IPO shares are…

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…

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…

Ayala Corporation (AC) officially listed its Class B Series 3 preferred shares through a bell ringing ceremony held at the Philippine Stock Exchange (PSE) on Tuesday, October 15, 2024. AC raised Php 15 billion from the sale of firm offer shares and over-subscription option shares during its follow-on offering (FOO).The said shares were listed under the stock…

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…

The Philippine Stock Exchange, Inc. (PSE) will stage this year’s edition of the Road to IPO on Tuesday, October 22, 2024, from 9:00 a.m. to 2:00 p.m. The forum, which has been designed for companies planning to raise capital through the equities market, will feature presentations and discussions on what going public entails. “PSE’s maiden…

Vista Land and Lifescapes, Inc. (VLL) concluded its maiden public follow-on offering (FOO) with the listing of its Series 2A (VLL2A) and Series 2B (VLL2B) preferred shares on the Philippine Stock Exchange (PSE). The VLL2A and VLL2B shares have an initial dividend rate of 7.9892 percent and 8.4000 percent per annum, respectively. The property firm…

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…

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…

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,…

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…

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…

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…

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…

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…

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…

Nexgen Energy Corp. (XG) had its stock market debut on the Small, Medium, and Emerging (SME) Board of The Philippine Stock Exchange, Inc. (PSE) on July 16, 2024. XG raised Php 504 million from its initial public offering (IPO) of primary common shares. Proceeds from the share sale will be used by the company for…

Shareholders of The Philippine Stock Exchange, Inc. (PSE) re-elected 14 Board of Directors at the company’s Annual Stockholders’ Meeting held on Saturday, July 6, 2024. Completing the 15-member Board is former PSE Director Edgardo G. Lacson, who was elected as Non-Broker Director representing Other Market Participants. He served in the PSE Board from May 2011…

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…

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…

The annual Stock Market Investor Profile report of The Philippine Stock Exchange, Inc. (PSE) showed a total of 1,906,019 stock market accounts as of end-2023, higher by 11.3 percent or 193,285 accounts from 1,712,734 accounts in 2022. The growth was mainly due to new accounts opened through the GStocksPH platform, which also pushed the share…