Latest Stories

PSE nets P429M in first half of 2013


Screengrab from http://www.pse.com.ph/stockMarket/home.html

MANILA, Philippines–The Philippine Stock Exchange hiked its first semester net profit by 31.8 percent year-on-year to P428.95 million as the local bourse collected higher fees related to trading, listing and clearing of equities.

Operating revenues rose by 36.97 percent to P712.69 million as trading- and listing- related income as well as service fees generated by wholly-owned Securities Clearing Corp. of the Philippines (SCCP) all increased by double-digit levels alongside the more robust capital markets.

On the other hand, the PSE’s expenses grew at a slower pace of 15 percent year-on-year to P237.14 million, bulk of which (43.66 percent) went to compensation and other related staff expenses.

On the revenue side, all business segments contributed to higher profitability in the first six months as follows:
Listing-related income climbed by 29.67 percent driven by fees from initial public offerings, additional listing of shares and listing maintenance;

Trading-related income, inclusive of amount ceded to the Capital Market Integrity Corp. (CMIC) as regulatory fees, went up by 38.49 percent as daily turnover in the local bourse averaged higher at P11.51 billion from P7.64 billion last year; SCCP fees rose by 48.18 percent due to higher trading volume.

Listing-related income accounted for 38.63 percent of operating revenues or about P275.31 million while trading-related income had a share of 24.58 percent or P175.2 million. SCCP service fees accounted for 35.19 percent or P250.8 million.

On the other hand, other income fell by 11.26 percent to P76.93 million primarily due to the drop in the performance of equity funds managed by two external fund managers under a purely discretionary mandate. Interest earnings likewise dipped by 19.66 percent due to lower interest rates.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , stocks

  • joboni96

    kumita intsik switik sa pse
    nadenggoy mga pilipino

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Two Popes who would be saints
  • Anti-gay demo in Ethiopia cancelled
  • Obama launches measures to support solar energy in US
  • Nebraska toddler gets stuck inside claw machine
  • Philippine eagle rescued by Army turned over to DENR
  • Sports

  • Duke freshman declares for NBA draft
  • Vietnam says it will not host Asian Games
  • Nadal passes clay landmark with 300th victory
  • Wawrinka waltzes through with Monte Carlo walkover
  • Power Pinays smash India in Asian Women’s Club volleyball opener
  • Lifestyle

  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • This is not just a farm
  • Clams and garlic, softshell crab risotto–not your usual seafood fare for Holy Week
  • Entertainment

  • Cannes film festival launches race for 2014 Palme d’Or
  • Jones, Godard, Cronenberg in competition at Cannes
  • Will Arnett files for divorce from Amy Poehler
  • American rapper cuts own penis, jumps off building
  • Jay Z to bring Made in America music fest to LA
  • Business

  • Total says makes ‘very promising’ oil find off Ivory Coast
  • ‘Chinese Twitter’ firm Weibo to go public in US
  • World stocks subdued, Nikkei flat on profit taking
  • Asia stocks fail to match Wall Street gains
  • Fired Yahoo exec gets $58M for 15 months of work
  • Technology

  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Filipinos #PrayForSouthKorea
  • Taylor Swift tries video blogging, crashes into fan’s bridal shower
  • DOF: Tagaytay, QC best at handling funds
  • Smart phone apps and sites perfect for the Holy Week
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • Last call for nominations to ’14 Presidential Awards
  • San Francisco business coalition slams proposed tax on sugary drinks
  • A ‘time-travel’ production of ‘Les Miserable’ at Stanford
  • Filipina Maryknoll sister honored for years of service
  • Malaysia quarantines 64 villagers over MERS virus
  • Marketplace