The PSEi closed May up 2.3% as the Philippine stock market gained on optimism over the tax reform program and first quarter GDP figures. Total value turnover in May increased 36.8% to PHP200.12 billion from the previous month. Foreign investors were net buyers in May of PHP9.17 billion, though lower than the past month. The Philippine Stock Exchange welcomed a new listing, Eagle Cement Corporation, which raised PHP7.5 billion in its IPO.

1. May 2017
Monthly Report
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PSEi
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(truncated)
DAILY and VALUE TURNOVER
ISSN 0118-1769
VOL. XXIV NO. 05
INDEX PERFORMANCE
May-17 Comparative Change (in percent)
High Low Close 1-month 3-month 6-month 12-month Year-to-Date
PSE Index (PSEi) 7,962.33 7,682.26 7,837.12 2.30 8.67 15.57 5.88 14.57
All Shares Index 4,731.25 4,603.12 4,685.50 2.32 7.26 13.71 5.70 12.74
Financials Index 1,945.33 1,893.06 1,939.77 2.79 9.07 16.70 15.61 17.17
Industrial Index 11,525.86 10,945.89 11,061.28 (2.18) 0.43 1.31 (4.46) 3.86
Holding Firms Index 8,051.69 7,817.35 7,825.61 0.15 6.87 14.14 5.45 11.92
Property Index 3,679.35 3,373.15 3,647.77 9.67 12.17 20.05 16.30 18.96
Services Index 1,686.14 1,596.74 1,674.89 3.69 17.28 31.57 9.61 28.55
Mining & Oil Index 12,809.68 12,433.80 12,474.02 3.34 2.18 3.25 12.89 5.20
AVERAGE DAILY VALUE TRADED (in Million Php)
Apr-17 May-17 Year-to-Date Comparative Change (in percent)
(17 days) (22 days) (103 days) 1-month 3-month 6-month 12-month Year-to-Date
Total Market 8,605.98 9,096.43 7,597.95 5.70 38.46 21.98 (12.18) 2.24
Regular Market 6,507.67 7,996.25 6,691.10 22.87 31.06 11.51 (10.57) (1.52)
Non-regular Market 2,098.30 1,100.18 906.84 (47.57) 134.92 283.72 (22.36) 42.33
Domestic Issues 8,603.87 9,093.93 7,596.36 5.70 38.45 21.97 (12.20) 2.23
Foreign Issues 2.11 2.50 1.59 18.61 77.26 69.27 192.34 35.09
Common 8,552.89 9,056.70 7,532.50 5.89 39.36 22.23 (12.01) 2.18
Preferred 37.39 33.16 46.19 (11.31) (32.76) (12.78) (17.74) 9.56
Warrants & PDR 14.51 4.67 18.66 (67.79) (78.23) (52.29) (81.25) 4.04
Dollar Denominated 1.19 1.90 0.60 59.83 - - - -
Total Market 8,605.98 9,096.43 7,597.95 5.70 38.46 21.98 (12.18) 2.24
Financials Sector 2,741.43 1,451.17 1,367.42 (47.07) 47.96 21.96 (16.93) 30.33
Industrial Sector 1,289.33 2,133.90 1,595.66 65.50 48.21 35.71 42.21 7.96
Holding Firms Sector 1,819.54 1,983.36 1,770.39 9.00 33.58 4.69 (41.59) (8.84)
Property Sector 1,054.75 1,570.81 1,226.52 48.93 31.82 20.21 (12.61) (5.98)
Services Sector 1,487.22 1,600.45 1,333.82 7.61 45.85 35.32 5.36 1.11
Mining & Oil Sector 183.90 316.83 269.91 72.28 (6.30) 18.14 7.15 5.44
SME Board 26.99 38.84 32.77 43.92 7.27 (5.16) (61.11) (58.44)
ETF 2.81 1.07 1.46 (62.03) 34.09 (49.97) (60.76) (62.77)
 2010, The Philippine Stock Exchange, Inc. All rights reserved. No part of this report may be reproduced in any form by any means without the consent of the Exchange.

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MAY
Monthly Report
Table of Contents
1 Monthly Review
5 Monthly Feature
8 Business Cost Indicators
Foreign Quotations
Exchange Rates
9 Market Statistics
Daily PSEi
Daily Foreign Transactions
Daily Trading
Monthly Sector Summary
Monthly Market Activity
PSE Sector Indices
Sector Index Performance & Trading Value
Market Capitalization
PSEi Constituents
15 Active Companies
By Volume Turnover Ratio
By Trading Frequency
By Trading Value
By Foreign Activity
17 Active Issues
Gainers and Losers
By Price Change
By Change in Volume Traded
By Net Foreign Buying
By Net Foreign Selling
20 Active Trading Participants
By Trading Value
By Frequency
21 Trading Statistics
22 Fundamental Data & Financial Ratios
35 Corporate Disclosures
Dividend Declaration
Additional Listings
Changes in Corporate Information
Block Sales
Schedule of Stockholders‟ Meeting
41 Directory of Trading Participants
46 PSE Board of Directors & Officers
The data contained in the PSE Monthly Report were collated by
the Corporate Planning and Research Department of the Philippine
Stock Exchange. The views and comments presented by the writers in
this report do not necessarily represent the views and comments of
the PSE. The PSE does not make any representations or warranties on
matters such as, but not limited to, the accuracy, timeliness,
completeness, currentness, non-infringement, merchantability or
fitness for any particular purpose of the information and data herein
contained. The PSE assumes no liability and responsibility for any loss
or damage suffered as a consequence of any errors or omissions in the
report, or any decision made or action taken in reliance upon
information contained herein. The information contained herein is for
information purposes only, does not constitute investment advice, and
is not intended to influence investment decisions. Advice from a
securities professional is strongly recommended.
For inquiries, suggestions or subscriptions to the Monthly Report,
please call (632) 819-4100, or send a message by fax to (632) 864 -
9046, or email to pr@pse.com.ph.
STOCK MARKET REPORT
 The benchmark PSEi closed the month on a positive note as it went up by 2.3% to 7,837.12 points from
the previous month‟s 7,661.01 points. Share prices were pushed upward by a confluence of factors
including optimism on the government‟s tax reform program and anticipation of first quarter GDP
figures. The naming of the new BSP chief likewise signaled continuity in monetary policy which
supported stock market trading during the month. Year-to date (YTD), the PSEi was up by 14.6% from
its end-December finish of 6,840.64 points.
 Five out of six sector indices advanced during the month, led by the Property index at 9.7%. This was
followed by Services, Mining and Oil, Financials, and Holding Firms indices, which grew by 3.7%, 3.3%,
2.8%, and 0.1%, respectively. Conversely, the Industrial index declined by 2.2%. The broader All-Shares
index meanwhile gained 2.3% at the end of the month at 4,685.50 points from 4,579.20 points in April.
 Total value turnover in May increased by 36.8% to P200.12 billion from P146.30 billion the previous
month. Year-on-year, however, this was 8.0% lower than the P217.52 billion total value turnover
posted in May 2016. On the other hand, the average daily value turnover in May accelerated by 5.7% to
P9.10 billion from P8.61 billion a month ago. YTD, average daily value turnover was posted at P7.60
billion, down by 2.7% from the 2016 full year average of P7.81 billion.
 Foreign investors were net buyers in May at P9.17 billion, albeit lower than the net foreign buying
figures of P10.45 billion the past month, and P14.15 billion in May 2016. Foreign transactions
accounted for 48.4% of the total market activity during the month. YTD, net foreign buying was
recorded at P1.29 billion.
 The Philippine Stock Exchange welcomed Eagle Cement Corporation (EAGLE) in its roster of listed
companies on 29 May 2017. EAGLE raised P7.50 billion through the sale of 500 million primary shares
at P15.00 apiece. Shares of EAGLE capped the month at P15.62, up by 4.1% from its initial public
offering price.
MONTHLY REVIEW
May 2017 1