PSE Reported P242 Million in Net Income in Q12024

The net income of the Philippine Stock Exchange, Inc. (PSE) increased by 19.3% to P242.38 million in the first quarter of 2024 from P203.16 million in the same time the previous year.​

The improvement in other income, which increased by 207.0% to P120.17 million as a result of greater interest income and mark-to-market gains on financial assets at fair value through profit or loss, was the primary cause of the higher earnings result.

Conversely, revenues dropped from P382.29 million to P353.34 million, a 7.6% decrease. This is due to a 24.0% decrease in the company's trading-related revenues, which are made up of transaction, service, and block sale fees, totaling P102.43 million. In the meantime, listing-related fees dropped to P114.72 million, a fall of 21.6%.

P4.89 billion of capital was raised through one private placement, two follow-on offerings, and one. At the end of the quarter, the daily average value turnover was P 6.03 billion, 1.1% less than the year before.

Total expenses for the period inched up by 1.3% to P174.99 million.

“The PSE index broke past the 7,000 mark intraday several times in the last quarter but failed to hold on to this key level due to persistent concerns on inflation, depreciation of the peso and geopolitical tensions abroad. Despite the uncertainties these headwinds continue to bring to the market, PSE will carry out liquidity-boosting initiatives in line with its strategy of growing its pool of listed companies and investors and introducing more products and services,” said PSE President and CEO Ramon S. Monzon.

PSE started the Road to IPO: Embracing the IPO Mindset campaign in February to encourage more businesses to use the stock market and raise money through an IPO. Seven publicly traded firms' IPO journeys are showcased in the campaign, and their CEOs discuss how going public aided in the development and expansion of their individual businesses.

May 13 marked the listing of OcenaGold (Philippines), Inc., marking the beginning of the 2024 IPO calendar. The June stock market debut of Citicore Renewable Energy Corporation will come after this.

Additionally, the Exchange developed and implemented a financial literacy program for Overseas Filipino Workers and their families in collaboration with the Department of Migrant Workers.]
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Volume Weighted Average Price (VWAP) trading was introduced by PSE in March to give investors the opportunity to place VWAP-based orders.

In April, PSE also released PSE EASy version 2.0, just in time for the year's first initial public offering (IPO). The new version features an integrated e-payment system within the PSE EASy platform.
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In the interim, the first quarter investor briefing, scheduled for May 15 and 16, marked the beginning of PSE STAR: Investor Day 2024. Twelve publicly traded businesses (PLCs) will brief live during the virtual event, and sixteen PLCs that have taken part in previous PSE STAR stagings will brief via recording. The PSE STAR microsite will also feature PSE's taped Q12024 briefing.