Philippine Stock Exchange 71b1u

PHILIPPINE STOCK EXCHANGE

 The

Philippine Stock Exchange (Filipino: Pamilihang Sapi ng Pilipinas) is the national stock exchange of the Philippineshaving 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 inMakati City's Central Business District, and one at the Philippine Stock Exchange Centre (Tektite Towers), Ortigas Center in Pasig City

 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.  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, membergoverned organization into a shareholder-based, 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.

 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 grade status .[3] On May 10, 2013, it achieved its 29th record close for the year closing at 7,262.38, suring the previous record of 7,215.35 on May 3.[4]