Bangko Sentral ng Piilipinas

Financial Markets

Foreign Exchange Market
Fixed Income Exchange Market
Stock Market

Stock Market

The Philippine Stock Exchange, Inc. (PSE or the Exchange) is a private organization created to provide and maintain a fair, efficient, transparent and orderly market for the purchase and sale of stocks and other securities. It was formed out of the merger of the country's two former stock exchanges, the Manila Stock Exchange (MSE), established on 8 August 1927, and the Makati Stock Exchange (MkSE), created on 27 May 1963. The two bourses were considered as separate entities for nearly 30 years, despite basically trading the same listed issues, until they merged into the present-day PSE on 23 December 1992 to achieve uniform pricing of stocks and eliminate arbitrage transactions.

Initially established as a non-stock, member-governed organization, the PSE has since then reorganized and transformed into a shareholder-based, revenue-generating corporation following the enactment of the Securities Regulation Code of 2000. Along with this rebirth came the separation of the Exchange's ownership and trading rights, which opened the doors for the entry of new market participants. On 15 December 2003, PSE shares were listed by way of introduction.

The PSE has two trading floors: one at the PSE Centre in Pasig City and another at the PSE Plaza in Makati City. But its principal office is in Makati City. The PSE is expected to move to its new headquarters at the Bonifacio Global City in Taguig which will also house a unified trading floor. In June 2015, the PSE updated its trading system from PSETrade to PSEtrade XTS, which runs on NASDAQ’s X-stream trading technology. The XTS platform can handle big trading volumes, support other products that may be traded in the future at the Exchange, and has more sophisticated risk management features.

Presently, the PSE is the country's only stock exchange. As of June 2016, the PSE has 264 listed firms and 132 active trading participants. The PSE has two listing boards - the Main Board and the Small, Medium & Emerging Board. Listed issues on the Main Board are then classified into one of six sectors: Financials, Holding Firms, Industrial, Mining and Oil, Property, and the Services Sector. The main barometer of stock price movements is measured by the PSE Composite Index (PSEi).

For more information on the stock exchange, please visit the PSE website at www.pse.com.ph.