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ICTSI breaks PSE's ₱2-trillion barrier

Business | The Stock Market

ICTSI breaks PSE's ₱2-trillion barrier

By Manila Bulletin Newsroom

Ramon S. Monzon and Enrique K. Razon Jr.

Ramon S. Monzon and Enrique K. Razon Jr.

International Container Terminal Services Inc. (ICTSI) has become the first company listed on the Philippine Stock Exchange (PSE) to surpass a market capitalization (MCAP) of ₱2 trillion, underscoring sustained investor confidence in the port operator’s global expansion.

In a statement on Wednesday, July 15, the PSE said ICTSI, which trades under the ticker symbol ICT on the local bourse, closed with a record MCAP of ₱2.01 trillion last Tuesday, July 14, making it the first domestic listed company to reach the milestone.

ICT’s MCAP climbed further to ₱2.02 trillion on Wednesday after its share price closed at an all-time high of ₱999. During the session, the company’s shares also reached a record intraday high of ₱1,020.

“Doubling its MCAP less than 10 months after breaching the ₱1-trillion MCAP is nothing short of extraordinary. This performance speaks of confidence in the leadership of ICT Chairman and President, Mr. Enrique K. Razon Jr., and in the strategic direction of the company as it continues to expand its global port and logistics operations,” said PSE President and Chief Executive Officer (CEO) Ramon S. Monzon.

The PSE noted that ICT had previously breached the ₱2-trillion MCAP level on an intraday basis twice—last June 16, 2026, and last Monday, July 13—when its shares climbed to intraday highs of ₱995 and ₱1,000, respectively.

ICT first surpassed the ₱1-trillion MCAP mark last Sept. 17, 2025, reflecting continued gains in its share price amid the expansion of its international port and logistics business.

Related Tags

International Container Terminal Services Inc. (ICTSI) Enrique K. Razon Jr. Philippine Stock Exchange (PSE) Ramon S. Monzon

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