Philippine Stock Exchange also known as the Philippine stock exchange incorporated (PSEi) is the national stock exchange of the country. A little background about PSE, it was created from the two stock exchange of the country which are the Manila Stock Exchange or MSE established on 1927 specifically August 8 and the Makati Stock Exchange or MkSE established on 1963 of May 27th. Both stock exchange allied after 30 years since the birth of MkSE on December 23, 1992.
Philippine Stock Exchange a member of World Federation of Exchanges or WFE is one of the oldest stock exchange in southeast Asia ( 1927 up to present ). The PSEi has two trading building, one at the Ayala Tower One in Makati City’s Central Business District and the other at Pasig City as their headquarters.
It is headed by Mr. Jose T. Pardo, the chairman and made up of 15 people Board of Directors. The main index for PSE is the PSE composite index or PSEi and it is composed of 30 listed companies as of December 31, 2010. Their are also six add up sector-based indices. The PSE has eight constituent indices and the following are:
- 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)
There are also 184 trading participants registered at the PSE of which 132 are active. The Philippine Stock Exchange had 253 listed companies with a total market capitalization of 8.9 trillion pesos or 202 billion US dollar in 2010.
Just recently (Feb. 2012), Philippine stocks mostly lower on heightened euro debt crisis.The Philippine stocks closed mostly lower in thin trading as the continues jitters over the euro debt crisis, heightened by the prospect of Greece defaulting on its maturing obligations, kept investors on the sidelines as reported by Gma news.