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FMIC expects PSEi to hit 7,800-8,100 at end-2021

THE PHILIPPINE Stock Exchange index (PSEi) is projected to reach the range of 7,800 to 8,100 at the end of the year on the back of the impending distribution of vaccines against the coronavirus disease 2019 (COVID-19), according to First Metro Investment Corp. (FMIC).

Stock market operator targets 3 IPOs this year

THE Philippine Stock Exchange, Inc. (PSE) is targeting three initial public offerings (IPOs) and four real estate investment trust (REIT) listings this year, despite market uncertainty amid the pandemic.

PSE plans short selling program, new sector indices

THE PHILIPPINE Stock Exchange (PSE)plans to introduce new products in 2021 as part of its effort to create an “end-to-end” digital experience for stakeholders.

Tighter delisting rules ‘beneficial’ to stakeholders

THE DECISION of the Philippine Stock Exchange (PSE) to tighten its rules on voluntary delisting has also given additional control to minority stakeholders, analysts said.

PSE suspends Meralco’s trading of securities amid pending acquisition

THE LOCAL bourse on Monday suspended the trading of securities of Manila Electric Co. (Meralco), which earlier announced its unit Meralco PowerGen Corp.’s (MGen) intention to acquire 100% ownership of Global Business Power Corp. (GBP) as the distribution utility has yet to submit the requirements for the substantial acquisition.

Voluntary delisting rules tightened

THE Philippine Stock Exchange, Inc. (PSE) has tightened rules on voluntary delisting after complaints from minority shareholders who were dissatisfied with the tender offer price given by companies that have delisted from the stock exchange in recent years. 

Pepsi secures approval of PSE for voluntary delisting of shares

PEPSI-COLA Products Philippines, Inc. said on Thursday that the Philippine Stock Exchange (PSE) approved its petition to delist its shares.

PSE extends disbursement of proceeds from stock rights offer

THE Philippine Stock Exchange (PSE) has extended the timeline for the use of the proceeds for its stock rights offer (SRO) to Dec. 31, 2023, the local bourse said on Thursday.

Blue chips’ 2020 profits may fall deeper after Q3 upset

EARNINGS of blue-chip stocks may fall deeper this year as third-quarter earnings results came in weaker than expected due to quarantine measures meant to contain a coronavirus pandemic.

PSE short selling rules out by Q1

THE Philippine Stock Exchange, Inc. (PSE) is targeting to implement short selling and new listing rules by early next year to help drive up activity in the local market.

PSE’s new listing rules may attract tech firms

THE Philippine bourse operator’s proposal to ease listing requirements may encourage new technology-based companies to go public despite the coronavirus pandemic.

PSE plans new financial products for 2021

THE Philippine Stock Exchange, Inc. (PSE) is eyeing to launch new financial products next year to lure foreign investors back to the local bourse.

PSE adds nine securities in Shari’ah-compliant list

NINE new securities have qualified among stocks that are compliant with Islamic principles of finance based on the latest review of the Philippine Stock Exchange, Inc. (PSE).

Proposed listing rules may need more investor safeguards

STOCK BROKERS welcomed the efforts of the Philippine Stock Exchange, Inc. (PSE) to ease listing rules to allow more companies to raise capital through the bourse, but warned of potential risks from relaxing some safeguards.

PSE eyes changes to listing rules

THE Philippine Stock Exchange, Inc. (PSE) is proposing to require companies that will list shares on its main board to have a minimum P75-million three-year cumulative net income, replacing the minimum capitalization requirement.

Pepsi starts tender offer to delist from PSE

Pepsi-Cola Products Philippines, Inc. (Pepsi-Cola Philippines) has started the tender offer of some 77.86 million common shares by Lotte Chilsung Beverage Co. Ltd.

PSE subjects small firms’ non-public shareholders to lock-up rule

THE Philippine Stock Exchange, Inc. (PSE) revised the lock-up rule for small, medium, and emerging (SME) companies to only cover non-public shareholders.

Shares in Ayala-led AREIT tumble in market debut

SHARES of Ayala-led AREIT, Inc., the country’s first real estate investment trust (REIT), tumbled in its market debut on Thursday.

Recovery hopes may still lift PSEi to 6,500-7,000 — FMIC

THE BENCHMARK Philippine Stock Exchange index (PSEi) may end the year within the 6,500-7,000 range on the back of investor optimism over an economic rebound in 2021, investment banking firm First Metro Investment Corp. (FMIC) said.

PSE hikes minimum public ownership

THE Philippine Stock Exchange, Inc. (PSE) increased the minimum public ownership (MPO)requirement for companies that plan to list on the stock market. 

PSE screens brokers for first REIT trade

THE Philippine Stock Exchange, Inc. (PSE) has started accepting applications for eligible brokers to trade real estate investment trust (REIT) securities ahead of Ayala Land, Inc.’s (ALI) REIT offering.

PSE records four new Shari’ah compliant securities

A TOTAL of four new securities trading in the local bourse qualified as compliant with Islamic principles of finance based on the operator’s review for the second quarter.

PSE net earnings down 71% as shareholders turn to cash

THE Philippine Stock Exchange, Inc. (PSE) booked a 71% drop in its first quarter bottomline to P50.62 million as investors opted out of the market due to the coronavirus disease 2019 (COVID-19) pandemic.

PSE: Investment scheme misrepresents bourse

THE Philippine Stock Exchange, Inc. (PSE) is warning the public against a fraudulent investment scheme run by an individual pretending to represent the bourse operator.

Offshore investors may avail of REITs through central bank

NON-PHILIPPINE residents are allowed to invest in real estate investment trusts (REITs) through the central bank, bourse operator Philippine Stock Exchange, Inc. (PSE) said.

PSE reopens trading floor on relaxed lockdown

THE Philippine Stock Exchange, Inc. (PSE) is reopening its trading floor today as quarantine measures in Metro Manila are eased.

Almost $1 billion hot money left Philippines in March

ALMOST $1 billion in foreign capital left the country in March, reflecting investor preference for safe-haven assets as a Luzon-wide lockdown meant to contain a coronavirus pandemic brought the Philippine economy to a standstill.

PSE eases rules on Islamic finance

THE Philippine Stock Exchange, Inc. (PSE) is adjusting its guidelines in screening companies’ compliance with Islamic principles of finance, removing some previously imposed restrictions.

Shari’ah-compliant firms increase

The number of listed securities at the local bourse that are compliant with Islamic principles of finance grew to 52 in the period ending...

Traders expect stocks to slide as market opens

THE local market is set to come back today after a two-day shut down, and traders anticipate it to stay on the decline.

SEC, PSE ease rules amid virus

CORPORATE regulator Securities and Exchange Commission (SEC) and local bourse operator Philippine Stock Exchange, Inc. (PSE) are easing rules and requirements to adjust to mitigation efforts against the coronavirus disease 2019 (COVID-19).

PSE tells listed firms to offer remote voting as virus lingers

THE Philippine Stock Exchange, Inc. (PSE) is reminding shareholders of publicly listed firms of their options to participate in annual stockholders’ meetings (ASM) as the virus outbreak persists.

PSE fines electronics holding firm for disclosure violations

CIRTEK Holdings Philippines Corp. has been fined by the Philippine Stock Exchange, Inc. (PSE) for violations of its disclosure rules and doing transactions during black-out period.

PSE sets new trading price threshold to guard investors

THE Philippine Stock Exchange, Inc. (PSE) will be implementing a new dynamic threshold for securities next month after conducting its semi-annual review in July to December 2019.

Local stocks start year as Asia’s unloved market

WHEN it comes to Philippine stocks, 2020 so far isn’t looking better than 2019.

Shari’ah-compliant firms increase, says PSE

THE Philippine Stock Exchange, Inc. (PSE) reported the number of listed firms compliant with Islamic principles of finance stood at 48 for the period ending Dec. 2019, up from 45 in the previous quarter.

PSE proposes more conditions for firm’s voluntary delisting

THE Philippine Stock Exchange, Inc. (PSE) on Wednesday released proposed amendments to its voluntary delisting rules, as it seeks to protect minority shareholders.

PSEi to hit 9000 level in 2020

BPI Securities Corp. is projecting the Philippine Stock Exchange index (PSEi) to reach 9,000 in 2020, driven by the faster growth of the economy, particularly the banking, property and consumer sectors.

Philippine stocks may pick up into yearend on profits, GDP

KNOCKED off course by a host of negatives, the Philippine stock rally may be set to regain momentum into yearend on improvement in the domestic economy and corporate profits.

PSE says 45 firms are Shariah-compliant

THE number of listed firms compliant with Islamic principles of finance fell in the quarter ending June, the Philippine Stock Exchange, Inc. (PSE) said Monday.

PSE to buy P200M worth of SCCP shares

THE Philippine Stock Exchange, Inc. (PSE) will buy P200 million worth of shares in one of its units to finance the acquisition of a new clearing and settlement system.

PSE plans to buy back P532 million worth of shares from...

THE Philippine Stock Exchange, Inc. (PSE) plans to buy back P532.01 million worth of common shares from broker shareholders until September, in a bid to reduce its broker ownership to less than 20%.

Philippine stocks may bounce back into bull market on earnings —...

PHILIPPINE bulls see the nation’s stock index climbing back to 8,000 later this year as corporate profits recover and economic growth accelerates.

PSE says local small investor take-up hits 94% for Kepwealth IPO

PARTICIPATION of small investors in an initial public offering (IPO) improved following the Philippine Stock Exchange, Inc.’s (PSE) launch of the PSE Electronic Allocation System (PSE EASy).

PSE revamps sectoral indices to admit Phinma Energy, DM Wenceslao, Sta....

THE Philippine Stock Exchange revamped its sectoral indices, admitting three new companies and removing one, while leaving the benchmark 30-member PSE index (PSEi) intact.