Quantcast
Latest Stories

Foreign brokers dominated local stock market trading in 2011

By

MANILA, Philippines—Foreign stock brokerage houses led by Maybank ATR Kim Eng Securities topped trading on the Philippine Stock Exchange in 2011, reflecting buoyant foreign investor appetite for local equities against a backdrop of extremely volatile global financial markets.

Maybank ATR Kim Eng’s market share last year was the largest on the local bourse at 9.32 percent, followed by Deutsche Regis Partners’ 8.65 percent, CLSA Philippines’ 7.36 percent,  UBS Securities Philippines’ 6.47 percent and Macquarie Capital Securities (Philippines)’s 5.76 percent.

The top five foreign brokers last year, a period when PSE turned out as the best performing market in the region despite a modest index gain of 4 percent, had a combined market share of 37.56 percent. The rest of the brokers had a market share of less than 5 percent each, based on the latest ranking by the PSE.

The brokers that ranked 6th to 10th largest were: Philippine Equity Partners (4.7 percent), BDO Securities (4.49 percent), Citiseconline.com Inc. (4.3 percent), JP Morgan Securities Philippines (3.62 percent) and Papa Securities Corp. (3.37 percent).

Rounding up the rest in the list of top 20 brokers are the following: DBP Daiwa Capital Markets Philippines Inc., Abacus Securities Corp., SB Equities Inc., Asiasec Equities Inc., Credit Suisse Securities (Philippines) Inc., Wealth Securities Inc., BA Securities Inc., First Metro Securities Brokerage Corp., RCBC Securities Inc. and BPI Securities Corp.

The PSE’s total market value turnover for 2011 reached P2.85 trillion, up 18 percent from a year ago, while the main index rose by 4 percent to 4,371.96 at yearend, outperforming other markets in the region.

“The market saw an increase in trading volume this year compared to 2010, and reached record highs in terms of equity raised,” said Maybank ATR KE Securities chair and president Lorenzo Roxas. “Our extensive local and international distribution networks, as well as our experienced sales and research groups keep us in the position to capitalize on these opportunities each year.”


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 , Foreign Affairs , Stock Market

  • http://pulse.yahoo.com/_OJWHBJLMWPTRUOZMN6JOMHLO2A Banana Na

    horror na naman next week nito, france rating was downgraded…

  • Anonymous

    sarap kumita.

  • http://joboni96.myopenid.com/ joboni96

    nilabas na naman ng mga dayuhan
    ang kayamanan natin
    sa sabong
    sa stock market



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
Advertisement
Advertisement

News

  • 12 dead, 96 injured in Holy Week accidents–NDRRMC
  • Filipino devotees re-enact crucifixion of Christ
  • Rouhani talks peace, outreach at army parade
  • Rains, thunderstorms on Good Friday
  • Carbon monoxide leak suffocates 20 in Catbalogan City
  • Sports

  • Ryu pitches Dodgers past Giants
  • Alonso sets the pace in Chinese GP practice
  • Heat seek Three-peat but Spurs, Pacers top seeds
  • Can Spurs get back at Heat? Can they survive West?
  • Hopkins, 49, seeks win for the ageless
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Whoopi Goldberg debuts as marijuana columnist
  • ‘X-men’ director accused of sex assault on teen boy
  • Cannes film festival launches race for 2014 Palme d’Or
  • Business

  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Barbie doll has a problem
  • Oil prices mixed ahead of long Easter weekend
  • Technology

  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Filipinos #PrayForSouthKorea
  • Taylor Swift tries video blogging, crashes into fan’s bridal shower
  • 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

  • WHO warns vs spread of MERS-Cov, urges vigilance in taking precautions
  • 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
  • Marketplace