PHILIPPINE STOCK EXCHANGE

The Philippine Stock

Exchange (Filipino: Pamilihang Sapi ng Pilipinas) is
the national stock exchange of the Philippineshaving
been in continuous operation since its inception in
1927.
It currently maintains two trading floors, one at its
headquarters at the PSE Plaza Ayala Triangle, Ayala
Tower One inMakati City's Central Business District,
and one at the Philippine Stock Exchange Centre
(Tektite Towers), Ortigas Center in Pasig City
The Philippine Stock Exchange was formed
from the countrys two former stock
exchanges, the Manila Stock Exchange (MSE),
established on August 8, 1927, and the Makati
Stock Exchange (MkSE), which was
established on May 27, 1963.
In June 1998, the Securities and Exchange
Commission (SEC) granted the PSE a "Self-
Regulatory Organization" (SRO) status, which
meant that the bourse can implement its own
rules and establish penalties on erring trading
participants (TPs) and listed companies.

In 2001, one year after the enactment of the
Securities Regulation Code, the PSE was
transformed from a non-profit, non-stock, member-
governed organization into a shareholder-based,
revenue-earning corporation headed by a president
and a board of directors. The PSE eventually listed
its own shares on the exchange (traded under the
ticker symbol PSE) by way of introduction on
December 15, 2003.

On March 2, 2012, the PSE Composite hits 5,000 mark the
highest record close. However, in December 12, 2012, almost
ten months after, it neared the 5,800 mark closing in 6,000
near the end of the year.
On January 7, 2013, the PSE Composite gets to all time
record at 6,000 mark. In March it again broke another record
by ending the trading day at 6,847.47 after Fitch
Group upgraded the Philippines for the first time
to investment grade status .
[3]
On May 10, 2013, it achieved
its 29th record close for the year closing at 7,262.38,
surpassing the previous record of 7,215.35 on May 3.
[4]