The closing bell rang for the last time at the Philippine Stock Exchange, marking the permanent closing of its trading floor last June 24. Trading participants (TP) that leased trading floor booths at the PSE Tower attended the event to witness the final day that trades were executed at the trading...
VistaREIT Inc. (VREIT), the commercial real estate investment trust of integrated property developer Vista Land & Lifescapes Inc., has successfully listed its shares on the Philippine Stock Exchange. The firm’s share price closed at its initial public offering price of P1.75 per share despite...
The Philippine Stock Exchange’s plan to shut down its unified trading floor, just after a few years in operation, signals the end of an era for the institution that has been steeped in its traditions. In a memorandum to all trading participants, PSE President Ramon S. Monzon said “the Exchange,...
The Philippine Stock Exchange (PSE) reported that the number of online stock market accounts in the Philippines has breached the one million mark in 2021. In its annual stock market investor profile (SMIP) report, the PSE said online investor accounts grew by 23.8 percent year-on-year to 1,159,034...
Renewable energy producer Raslag Corporation has successfully listed its shares are the Philippine Stock Exchange following its P700 million initial public offering. Raslag shares opened at its high of P2.48 per share before slowly declining to its closing price of P2.05 per share, 2.5 percent...
The Philippine Stock Exchange, Inc. (PSE) has approved the initial public offering of VistaREIT, Inc., the real estate investment trust of the Villar group, worth up to P9.18 billion to be conducted from May 30 to June 3, 2022. In a statement, the bourse said VistaREIT The company is expected to...
The Philippine Stock Exchange has approved the planned initial public offering (IPO) of renewable energy producer Raslag Corporation worth up to P700 million. The solar power company will offer up to 350 million primary shares and up to 52.50 million over-allotment option shares at a price of up to...
The Philippine Stock Exchange, Inc. (PSE) posted a 40 percent jump in net income to a record P919.48 million last year from the P656.81 million earned in 2020, surpassing the previous high of P867.55 million set in 2014. In a disclosure, the bourse said it also registered a 25.3 percent...
Almost two years and six initial public offerings later, real estate investment trusts (REITs) have proven to be a less volatile investment vehicle and a regular source of dividend income even during a pandemic. Five REITs listed at the Philippine Stock Exchange paid out a total of P5.77 billion in...
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), successfully debuted at the Philippine Stock Exchange (PSE) with its share price closing at P12.22 each, 1.83 percent higher than its initial public offering price of P12.00. The bank raised P3.36 billion from its IPO which...
The Philippine Stock Exchange, Inc. (PSE) has launched two new indices, the PSE MidCap Index and PSE Dividend Yield Index today, Mar. 28, 2022. In a statement, the bourse said “The former was designed to showcase the mid-sized companies while the latter highlights the companies that consistently...
The Philippine Stock Exchange (PSE) has approved the P1.38 billion initial public offering (IPO) stock brokerage CTS Global Equity Group, Inc. which will list on the bourse’s Small, Medium, and Emerging Board. In a statement, the PSE said CTS Global will conduct its offering from March 29 to...
