THE Philippine Stock Exchange Inc. (PSE) set a new record for capital raised in the stock market of 234.48 billion pesos in 2021, breaking the previous record of 228.33 billion pesos in 2012, following the largest initial public offering (IPO) in the history of stock exchange and REIT listings.
In a statement, PSE said it has eight IPOs, 11 follow-up offers, four share rights offers and eight private placements for the year 2021.
“We are delighted that more companies have chosen to raise funds through the PES. Their confidence in the stock market has enabled us to achieve this record number of capital raises, ”said PSE President and CEO Ramon Monzon.
On the last trading day of the year, the PSE index (PSEi) closed at 7,122.63 points, down 211.93 points or 2.9% from yesterday’s close.
Since the start of the year, the PSEi has fallen 0.2%. The All Shares index, meanwhile, has lost 10.6% year-to-date, after ending the year at 3,818.12 points.
Average daily revenue for the year was 9 billion pesos, up 22.5 percent from the 2020 average of 7.35 billion pesos.
Foreign investors were net sellers of Pesos 2.32 billion, down from last year’s 128.57 billion pesos in net sales abroad. They were also responsible for 36.1% of the market value turnover, while the rest were represented by their local counterpart.
An increase in the participation of retail investors was also recorded in 2021 to 31.1%, compared to 18.2% in 2019 and 26.9% in 2020.
“The active participation of local retail investors is likely to continue into the next year, especially as we expect upcoming IPOs to attract new investors. While this is a welcome development, we also hope to see the gradual return of foreign funds to the Philippine stock market. , Monzon said.
PSE will open in 2022 with the consecutive IPO of Haus Talk, Inc. and Figaro Coffee Group Inc. The exchange is also holding its very first investment exhibition on January 29 and 30, 2022.