1. Philippine Stock Exchange
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Philippine Stock Exchange
PamilihangSapingPilipinas
Type
Location
Coordinates
Founded
Owner
Key people
Currency
No. of listings
MarketCap
Website
Stock exchange
Pasig City, Philippines
14°33′22″N 121°1′22″E
December 23, 1992
The Philippine Stock Exchange, Inc.
José T. Pardo, Chairman
Philippine Peso (₱ )
344 (2012)
₱ 10.204 trillion (February 2013)
$255.104 billion (2013)[1]
www.pse.com.ph
The Philippine Stock Exchange (Filipino: PamilihangSapingPilipinas) (PSE: PSE) is the
national stock exchange of the Philippines, one of the oldest stock exchanges in Southeast Asia,
having been in continuous operation since its inception in 1927. It currently maintains two
trading floors, one at its headquarters at the PSE Plaza Ayala Triangle, Ayala Tower One in
Makati City's Central Business District, and one at the Philippine Stock Exchange Centre
(Tektite Towers), Ortigas Center in Pasig City. The PSE is composed of a 15-man Board of
Directors, chaired by José T. Pardo.
The main index for PSE is the PSE Composite Index or PSEi, which is composed of thirty (30)
listed companies. The selection of companies in the PSEi is based on a specific set of criteria.
There are also six additional sector-based indices.
Trading on the PSE trading starts at 9:30 am PHT and ends at 12:00 pm, pauses for a 1 hour 30
minute break, and resumes trading from 1:30 pm to a 3:30 pm session closure.

2. History
The Philippine Stock Exchange was formed from the country’s two former stock exchanges, the
Manila Stock Exchange (MSE), established on August 8, 1927, and the Makati Stock Exchange
(MkSE), which was established on May 27, 1963.
Although both the MSE and the MkSE traded the same stocks of the same companies, the
bourses were separate stock exchanges for nearly 30 years until December 23, 1992, when both
exchanges were unified to become the present-day Philippine Stock Exchange.
In June 1998, the Securities and Exchange Commission (SEC) granted the PSE a "SelfRegulatory Organization" (SRO) status, which meant that the bourse can implement its own
rules and establish penalties on erring trading participants (TPs) and listed companies.
In 2001, one year after the enactment of the Securities Regulation Code, the PSE was
transformed from a non-profit, non-stock, member-governed organisation into a shareholderbased, revenue-earning corporation headed by a president and a board of directors. The PSE
eventually listed its own shares on the exchange (traded under the ticker symbol PSE) by way of
introduction on December 15, 2003.
Business
On January 4, 1993, the former Manila Stock Exchange started the computerization of its
operations using the Stratus Trading System (STS) with a company called Equicom. On June 15,
the former Makati Stock Exchange adopted the MakTrade trading system. Both systems were
linked on March 25, 1994 to produce a One Price-One Market exchange. Two years later, on
November 13, 1995, the implementation of the Unified Trading System (UTS) allowed the use
of a single-order-book system on a MakTrade software where all the orders are posted and
matched in one computer.
In October 2004, the Securities Clearing Corporation of the Philippines (SCCP), a clearing and
settlement agency for depository eligible trades, became a wholly owned subsidiary of the PSE.
The SCCP acts as the settlement coordinator and risk manager for broker transactions as well as
administrator of the trade guaranty fund.
In 2005, the PSE adopted an online daily disclosure system (ODiSy) to improve the transparency
of listed companies and ensure full, fair, timely and accurate disclosure of material information
from all listed companies. The ODiSy provides a 24/7 online system access for the submission of
all types of disclosures.
On July 26, 2010, the PSE launched its new trading system, PSEtrade, which replaced the
MakTrade system. The system was acquired from the New York Stock Exchange.

3. Record highs
On March 2, 2012, the PSE Composite hits 5,000 mark the highest record close. However, in
December 12, 2012, almost ten months after, it neared the 5,800 mark closing in 6,000 near the
end of the year.
On January 7, 2013, the PSE Composite gets to all time record at 6,000 mark. In March it again
broke another record by ending the trading day at 6,847.47 after Fitch Group upgraded the
Philippines for the first time to investment gradestatus .[2] On May 10, 2013, it achieved its 29th
record close for the year closing at 7,262.38, surpassing the previous record of 7,215.35 on May
3.[3]
Indices and components
The PSE has eight constituent indices:
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)
The PSEi is the main index of the PSE, while the All Shares Index is the broader index of the
exchange. The remaining six indices are sector indices based on a company's main source of
revenue. Although listed in an index, companies are listed on the PSE under the First Board,
Second Board or the Small and Medium Enterprises Board based on market capitalization.
As of February 6, 2013, the Philippine Stock Exchange has 344 listed companies with a total
market capitalization of US$255.1 billion. There are also 134 trading participants registered at
the PSE.[4]