The 15-member Philippine Stock Exchange (PSE) board led by chair Jose Pardo and president Hans Sicat has obtained a fresh mandate from stockholders for another one-year term as guardians of the bullish local stock market.
For the first time in many years, index heavyweight Philippine Long Distance Telephone Co. is under threat of being dislodged as the single most valuable company in the local stock market. The challenger is another formidable household brand: SM Investments Corp. of tycoon Henry Sy a.k.a. “Tatang.”
The Philippine Stock Exchange on Saturday reelected for a second term its 15-member board led by chair Jose Pardo, who expects “more exciting” days for the exchange this year.
The new board members of the Philippine Stock Exchange want to extend trading hours well into the afternoon to broaden investors’ participation in the local equities trade. In a meeting on Wednesday, members of the board arrived at a consensus to reactivate the policy on afternoon trading to “align” local markets with the rest of [...]
