Stock Market

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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1 Mar 2024

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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29 Feb 2024

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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23 Feb 2024

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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22 Feb 2024

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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16 Feb 2024

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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12 Feb 2024

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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1 Feb 2024

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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30 Jan 2024

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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2 Jan 2024

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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29 Dec 2023

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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12 Dec 2023

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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1 Dec 2023

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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28 Nov 2023

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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23 Nov 2023

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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21 Nov 2023

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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14 Nov 2023

Harbor Star Shipping Services rings bell on 10th year as listed firm

Harbor Star Shipping Services, Inc. (stock symbol: TUGS) celebrated its 10th listing anniversary as a publicly listed company through a bell ringing ceremony at the Philippine Stock Exchange (PSE) on Tuesday, October 31. TUGS raised a total of 341.41 million pesos from the sale of its primary common shares on its October 30, 2013 stock market debut.…
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31 Oct 2023

A. Soriano Corporation celebrates golden listing anniversary

The Philippine Stock Exchange, Inc. (PSE) hosted a bell ringing ceremony for A. Soriano Corporation (ANS) to commemorate the holding firm’s 50th year as a listed company. ANS was listed at the Manila Stock Exchange and Makati Stock Exchange on October 25, 1973. ANS has interests in various industries including air transport, asset management, business process…
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25 Oct 2023

PSE stages first LEAP Insights

Companies enrolled in the Listing Engagement and Assistance Program (LEAP) of The Philippine Stock Exchange, Inc. (PSE) attended the first LEAP Insights on October 10, 2023. LEAP Insights are sessions designed to give potential listing applicants a preview of what it entails to be a publicly listed company. The inaugural LEAP Insights session was co-hosted…
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13 Oct 2023

PSE takes part in global bell ringing program for financial literacy

The Philippine Stock Exchange, Inc. (PSE) underscored its commitment to promote investor education by taking part in the global Ring the Bell for Financial Literacy initiative, a program of the World Federation of Exchanges (WFE). Officers of the Exchange rang the closing bell in a ceremony held on Wednesday, October 4. The Ring the Bell…
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4 Oct 2023

PSE hosts forum on Philippine capital market legislative reforms

Key legislators addressed industry stakeholders in a forum on legislative reforms for the Philippine capital market hosted by The Philippine Stock Exchange Inc. (PSE), in partnership with UBS Philippines. In attendance were House of Representatives Speaker Ferdinand Martin G. Romualdez, House Senior Deputy Majority Leader and Ilocos Norte 1st District Representative Ferdinand Alexander A. Marcos and House…
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4 Oct 2023

ASEAN Exchanges jointly establish internationally aligned sustainability metrics during the 36th ASEAN Exchanges CEOs Meeting hosted by SET

Bangkok, September 12, 2023 – The Stock Exchange of Thailand (SET) hosted the 36th ASEAN Exchanges CEOs Meeting on September 8, 2023. Bursa Malaysia, Indonesia Stock Exchange, Philippine Stock Exchange, Singapore Exchange Group, Vietnam Exchange, and SET collaborated to develop a set of core sustainability metrics that are aligned to international standards and established practices.…
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12 Sep 2023

SCCP marks successful migration to the T+2 settlement cycle

The Securities Clearing Corporation of the Philippines (SCCP), a wholly-owned subsidiary of The Philippine Stock Exchange, Inc. (PSE), successfully migrated to a shortened settlement cycle of T+2. This migration is a significant advancement in the domestic capital market and will align the Philippines with major international markets such as the United States, most European Union…
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4 Sep 2023

ACEN raises P25 billion from preferred shares offering

ACEN Corporation (ACEN) formally listed its Series A and Series B preferred shares through a bell ringing ceremony held at the Philippine Stock Exchange (PSE) on Friday, September 1, 2023. ACEN raised Php 25 billion from the sale of firm offer shares and over-subscription option shares during its follow-on offering (FOO). PSE President and CEO…
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1 Sep 2023