I read on the Philippine Stock Exchange (PSE) website today that there is a current proposal among four (4) Southeast Asian countries to interconnect their stock markets.
According to the press release, the trading link which is expected to electronically interconnect the stock markets of the Philippines, Malaysia, Thailand and Singapore will most probably go live by the end of 2011.
After deferring the planned Initial Public Offering (IPO) twice, it’s now all systems go for Cebu Pacific (CEB) to issue its shares to the public.
In a statement submitted to the Philippine Stock Exchange (PSE), Philippine budget airline Cebu Pacific said it will list its shares on the exchange starting October 26.
The Philippine Stock Exhange (PSE) and online broker CitisecOnline.com have released a basic guide on how to invest in the Philippine stock market. This is good reading especially for those planning to join the stock market.
The Philippine stock market seems to be in a bullish trend again.
As of August 2010, the Philippine Stock Exchange index (PSEi) is up 20% year-to-date, that is, from January to August 2010. It may not be as high as the 2009 PSE performance of 63% full-year return, but it is a strong sign that things are looking up.
After months of delay, the Philippine Stock Exchange (PSE) is set to launch its New Trading System (NTS) starting July 26, 2010.
The NTS will replace the current Maktrade system used by the PSE since 1993. The new system alongside the extension of trading hours, was to be rolled out originally in June 2009 but was postponed to October 2009 then deferred again due to technical and regulatory issues.
The NTS will use a trading software product developed by NYSE Technologies SAS, a wholly-owned subsidiary of NYSE Euronext which, in turn, operates the largest exchanges around the world including the New York Stock Exchange and Euronext.
Under the PSE’s New Trading System, the following major changes will take effect.
If you’re currently following the Philippine stock market, you’re most probably aware of the continuous surge in the price of Meralco (Stock Code: MER).
The stock of the power utility company was one of the Philippine Stock Exchange (PSE)’s biggest gainers during the first half of 2009.
As of July 31, it was up by a staggering 275% from its P58.00 price in January. In the month of July alone, the stock more than doubled in value, closing at an all-time high of P295.00 in July 29.
Philippine stocks are currently on the upswing even though the global economic recession is still hurting many investors worldwide.
The Philippine Stock Exchange Index (PSEi), a composite of 30 stocks traded in the Philippine Stock Exchange used to track the general movement of market prices, ended the first half of the year up as much as 30%.
The PinoyMoneyTalk (PMT) forum has opened a new folder exclusive for the discussion of individual stocks of listed firms traded in the Philippine Stock Exchange … Read More
