Capital Markets
From The Report: The Philippines 2017
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In recent years the Philippine capital markets have performed well. The benchmark index has quadrupled since the global financial crisis in 2008 on a combination of good policy, strong economic growth, healthy inflows of foreign investment and low international interest rates. In 2016, however, market performance was mixed as the country held elections and the new administration settled in. The benchmark index fell, while the number of new initial public offerings was relatively small, with demand on the light side. However, the new administration is expected to be generally supportive of the markets and to push through a handful of major reforms that have been stalled due to bureaucratic disagreements.

Articles from this Chapter

Overview

Taking stock: New innovations considered in a bid to boost market growth
OBG
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In recent years the Philippine capital markets have performed well. The benchmark index has quadrupled since the global financial crisis in 2008 on a combination of good policy, strong economic growth, healthy inflows of foreign investment and low international interest rates. In 2016, however, market performance was mixed as the country held elections and the new administration settled in. The benchmark index fell, while the number of new initial public offerings (IPOs) was relatively small…

Analysis

Room to grow: Despite challenges, the stock exchange still boasts strong fundamentals
OBG
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While the Philippine Stock Exchange (PSE) had originally aimed to add 10 initial public offerings (IPOs) over the course of 2016, by year’s end just four had been issued, valued at a combined P49.37bn ($1.04bn) including follow-ons and secondary offerings. Although the IPO market was fairly subdued overall, with many of the sales priced lower than originally expected, the new listings nonetheless demonstrate the Philippine market’s continued ability to absorb new equity. This situation…