Philippines' bourse ponders future

The PSE is under pressure to justify its market-darling reputation by implementing reforms to realise its potential and become a world-class exchange.
PSE chief Hans Sicat looks to maintain the stock market's momentum
PSE chief Hans Sicat looks to maintain the stock market's momentum

Trading at a forward price-earnings ratio of 20 times, the Philippine Stock Exchange is one of the most expensive equity markets in the Asia-Pacific region.

Last year the PSE Index jumped 23%, placing it among the world’s 10 best-performing markets. Average daily trading volumes are running at P11 billion $248 million, twice as much as they were four years ago.

Last year’s performance extends a six-year rally in which the country’s benchmark stock index has risen more than 280% since the end of 2008 outpacing the MSCI Asia Pacific Index’s gain. So far this year the benchmark index is up another 8.8%.

But...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222