Philippine Stock Exchange

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Philippine Stock Exchange
Philippine Stock Exchange
Pamilihang Sapi ng Pilipinas
Type Stock exchange
Location Pasig City, Philippines
Coordinates
143322N 121122E
[1]
Founded December 23, 1992
Owner The Philippine Stock Exchange, Inc.
Keypeople Jos T. Pardo, Chairman
Currency Philippine Peso ()
No.oflistings 344 (2012)
Market cap
10.204 trillion (February 2013)
$255.104 billion (2013)
[2]
Website
www.pse.com.ph
[3]
The Philippine Stock Exchange (Filipino: Pamilihang Sapi ng Pilipinas) (PSE:PSE
[4]
) is the national stock
exchange of the Philippines, one of the oldest stock exchanges in Southeast Asia, having been in continuous
operation since its inception in 1927. It currently maintains two trading floors, one at its headquarters at the PSE
Plaza Ayala Triangle, Ayala Tower One in Makati City's Central Business District, and one at the Philippine Stock
Exchange Centre (Tektite Towers), Ortigas Center in Pasig City. The PSE is composed of a 15-man Board of
Directors, chaired by Jos T. Pardo.
The main index for PSE is the PSE Composite Index or PSEi, which is composed of thirty (30) listed companies.
The selection of companies in the PSEi is based on a specific set of criteria. There are also six additional
sector-based indices.
Trading on the PSE starts with a pre-open at 9:00 am PHT, market open at 9:30 am, market recess from 12:00 pm to
1:30 pm, pre-close at 3:15 pm, run-off at 3:20 pm, and ends at 3:30 pm.
[5]
History
The Philippine Stock Exchange was formed from the countrys two former stock exchanges, the Manila Stock
Exchange (MSE), established on August 8, 1927, and the Makati Stock Exchange (MkSE), which was established on
May 27, 1963.
Although both the MSE and the MkSE traded the same stocks of the same companies, the bourses were separate
stock exchanges for nearly 30 years until December 23, 1992, when both exchanges were unified to become the
present-day Philippine Stock Exchange.
In June 1998, the Securities and Exchange Commission (SEC) granted the PSE a "Self-Regulatory Organization"
(SRO) status, which meant that the bourse can implement its own rules and establish penalties on erring trading
participants (TPs) and listed companies.
In 2001, one year after the enactment of the Securities Regulation Code, the PSE was transformed from a non-profit,
non-stock, member-governed organisation into a shareholder-based, revenue-earning corporation headed by a
president and a board of directors. The PSE eventually listed its own shares on the exchange (traded under the ticker
symbol PSE) by way of introduction on December 15, 2003.
Philippine Stock Exchange
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Business
On January 4, 1993, the former Manila Stock Exchange started the computerization of its operations using the
Stratus Trading System (STS) with a company called Equicom. On June 15, the former Makati Stock Exchange
adopted the MakTrade trading system. Both systems were linked on March 25, 1994 to produce a One Price-One
Market exchange. Two years later, on November 13, 1995, the implementation of the Unified Trading System (UTS)
allowed the use of a single-order-book system on a MakTrade software where all the orders are posted and matched
in one computer.
In October 2004, the Securities Clearing Corporation of the Philippines (SCCP), a clearing and settlement agency for
depository eligible trades, became a wholly owned subsidiary of the PSE. The SCCP acts as the settlement
coordinator and risk manager for broker transactions as well as administrator of the trade guaranty fund.
In 2005, the PSE adopted an online daily disclosure system (ODiSy) to improve the transparency of listed companies
and ensure full, fair, timely and accurate disclosure of material information from all listed companies. The ODiSy
provides a 24/7 online system access for the submission of all types of disclosures.
On July 26, 2010, the PSE launched its new trading system, PSEtrade, which replaced the MakTrade system. The
system was acquired from the New York Stock Exchange.
Record highs
On March 2, 2012, the PSE Composite hits 5,000 mark the highest record close. However, in December 12, 2012,
almost ten months after, it neared the 5,800 mark closing in 6,000 near the end of the year.
On January 7, 2013, the PSE Composite gets to all time record at 6,000 mark. In March it again broke another record
by ending the trading day at 6,847.47 after Fitch Group upgraded the Philippines for the first time to investment
grade status . On May 10, 2013, it achieved its 29th record close for the year closing at 7,262.38, surpassing the
previous record of 7,215.35 on May 3.
Indices and components
The PSE has eight constituent indices:
PSE All Shares Index (ALL)
PSE Composite Index (PSEi)
PSE Financials Index (FIN)
PSE Holding Firms Index (HDG)
PSE Industrial Index (IND)
PSE Mining and Oil Index (M-O)
PSE Property Index (PRO)
PSE Services Index (SVC)
The PSEi is the main index of the PSE, while the All Shares Index is the broader index of the exchange. The
remaining six indices are sector indices based on a company's main source of revenue. Although listed in an index,
companies are listed on the PSE under the First Board, Second Board or the Small and Medium Enterprises Board
based on market capitalization.
As of February 6, 2013, the Philippine Stock Exchange has 344 listed companies with a total market capitalization of
US$255.1 billion. There are also 134 trading participants registered at the PSE.
[6]
Philippine Stock Exchange
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References
[1] http:/ / tools.wmflabs. org/ geohack/ geohack. php?pagename=Philippine_Stock_Exchange&
params=14_33_22_N_121_1_22_E_type:landmark
[2] http:/ / pse. com. ph/ stockMarket/ marketInfo-marketActivity. html?tab=1& indexName=All%20Shares
[3] http:/ / www. pse. com.ph
[4] http:/ / www. bloomberg. com/ quote/ PSE:PM
[5] http:/ / www. philstar.com/ business/ 2013/ 10/ 17/ 1245995/ pse-extends-pre-close-period
[6] http:/ / pse. com. ph/ stockMarket/ marketInfo-marketActivity. html?tab=1& indexName=All%20Shares
External links
Philippine Stock Exchange (http:/ / www. pse. com. ph)
PSE Academy (http:/ / www. pseacademy. com. ph)
Article Sources and Contributors
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Article Sources and Contributors
Philippine Stock Exchange Source: http://en.wikipedia.org/w/index.php?oldid=619170474 Contributors: 123sage321, 2D, Aeontamaraw, Alexf, Ali.eblis1, Arius1998, Bangkoksky, Bearcat,
Beetstra, Beforeyouknowit, Billinghurst, Calabe1992, Catapult, Chris the speller, CommonsDelinker, DMacks, DaryllM, Deadbeef, Demo002, Dirkbb, Dominicanarquia, Eslacson, Florentino
floro, Howard the Duck, Howcheng, James086, Jojit fb, Joseph Solis in Australia, Joshua rivas, Jhann Heiar rnason, Kbdank71, Kleomarlo, Lakingkanto28, LordAntagonist, MER-C,
Magioladitis, Manasi110, Mark Malcampo, Markikoy18, Marvingermo, Maxschmelling, McTrixie, Mild Bill Hiccup, Mogism, Namayan, New worl, Niconazareno, Ninjakeg, Noypi380, Otep
josh, Ppby, Rettetast, Rjwilmsi, Roscoe x, Rror, Shalom Yechiel, Shin368, Sky Harbor, Soulrefrain, Stalmannen, SunKing, Vikramparsani, Vizcarra, Wences1, Werieth, Whereinmanila,
WikHead, Will Beback, Young gee 1525, Zampimentel, Zephyr2k, Zhaofeng Li, Zollerriia, 110 anonymous edits
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