MANILA, Philippines — Capital raised by corporations from the inventory market within the first half reached P61.92 billion, 50 p.c decrease than the P122.46 billion generated in the identical interval final yr.
Philippine Inventory Alternate president and CEO Ramon Monzon mentioned final yr’s determine can be tough to overhaul as a result of P55.89-billion preliminary public providing (IPO) of Monde Nissin, the largest within the bourse’s historical past.
The quantity raised within the first half got here from the sale of main and secondary shares in eight IPOs, one inventory rights providing, and 4 personal placements.
The eight IPOs within the first half of 2022, nevertheless, matched the variety of IPOs for the whole 2021.
Among the many listed companies that debuted on the inventory market between January and June had been Haus Discuss Inc., Figaro Espresso Group Inc., Citicore Power REIT Corp., Financial institution of Commerce, CTS International Fairness Group, Inc., Raslag Corp., VistaREIT Inc. and Balai ni Fruitas Inc.
Monzon mentioned the full-year capital elevating quantity should file a brand new excessive for the native bourse.
“Given the lineup of maiden affords within the subsequent half of the yr, we might even see a 26-year excessive when it comes to the variety of IPOs in a yr,” Monzon mentioned.
He mentioned the PSE should attain the P200-billion mark this yr when it comes to capital raised.
“We now have a strong pipeline of public choices within the second half and if all of those materialize, capital elevating should attain the P200-billion mark,” he mentioned.
When it comes to buying and selling exercise, the each day common worth turnover as of June 30 was P7.52 billion, down by 16.1 p.c year-on-year. Overseas traders had been internet sellers in the course of the interval at P40.73 billion, decrease than the P77.86 billion internet international promoting registered in the identical interval in 2021.
The 30-company PSE index (PSEi) closed at 6,155.43 factors on the final buying and selling day of the semester and posted a 13.6 p.c decline year-to-date. The All Shares Index and 5 of the six sector indexes additionally registered year-to-date losses of between 10.2 p.c and 17 p.c. Solely the mining and oil index ended within the inexperienced, up by 17 p.c.