PSE inaugurates new events hall

The Philippine Stock Exchange has converted the trading floor at its headquarters in Bonifacio Global City into an events hall after shutting it down so stock brokers can complete trades in their own offices. “I never imagined that the trading floor, which many brokers consider integral to their operations would ever be closed,” said PSE President Ramon S. Monzon who noted that it was the pandemic that led to its closure. The first formal event to be held at the new events hall is the listing ceremony for Ayala Corporation’s Class A preferred (ACPAR) shares. The firm listed 5.24 million re-issued ACPAR shares after raising P13 billion from a follow-on offering.