PSE unveils its new trading board
MANILA, Philippines- The Philippine Stock Exchange (PSE) unveiled its new electronic board at the Ayala trading floor during its 10th year anniversary celebration as a publicly listed company, on Friday, December 27.
In his speech, PSE Chairman Jose T. Pardo said “As we unveil our new electronic board today, I believe that we are also unveiling a new leaf in our history beyond the dynamic visuals that the new electronic board will let us experience henceforth. Given the pace of progress and development of markets globally, I am sure the next ten years will fly by us even faster.“
Pardo led the unveiling of the new board, together with PSE President and CEO Hans Sicat. Securities and Exchange Commission Chairperson Teresita Herbosa also attended the event.
The electronic board is composed of 130 LED panels covering close to 80 square meters of dynamic display. It provides a preview of the stock market indices and real time intraday graphs and pie charts of the sectors.
The board also features the most actively traded stocks by value and the top 10 gainers and losers. It also has an interactive display of US and Asian Markets, currency updates.
The PSE listed by way of introduction in December 2003.
“2014 presents a whole new world of exciting opportunities for the PSE and the stock market. We shall continue to roll-out our programs under our three-year strategic plan, “ Pardo said.
The PSE’s main index still managed to close the year with a 1.3% year- to- date gain, despite a turbulent ride in 2013.
Trading at the local bourse posted a record high of 7,403.65 points in May. But all gains for the year were easily wiped out by June, after the announcement of the US Federal Reserves of a possible tapering of its stimulus package.
By August, the main index fell to its lowest level for the year at 5,562.13 points.
A total of 8 companies went public this year. Capital earnings for 2013, however, will still be short of P200 billion, lower than the earnings posted in 2012. – Cherrie Regalado/Rappler.com