MARKET INFORMATION
Philippine Stock Exchange (PSE)

Trading Hours

Pre-Open

09:00 – 09:30

Continuous Trading

09:30 – 12:00

Recess

12:00 - 13:00

Continuous Trading

13:00 - 14:45

Auction

14:45 - 14:50

Trading at Close

14:50 – 15:00

Time Zone

 GMT +8

Trading Days

Monday – Friday

Trading Currency

Philippine Peso (PHP)

Main Index

Index name 

Philippine Stock Exchange Index (PSEi)

Reuters code

PSI

Bloomberg code

PCOMP

Exchange Code

Reuters

PSI

Bloomberg

PM

Trading ID/ Trading

Requirement

PSE customer ID, issued upon account opening.

Settlement Cycle

T+2

Current Index Status

MSCI EM- FTSE Secondary EM

Market Cap

$230bn

Average Daily Value Traded
YearAVG VALUE TRADED

2021

$347mn

2022

$293mn

2023

$232mn

MARKET DYNAMICS
Stock
Limit
Up/Down

Dynamic Threshold:
* +/-10% from last traded price if stock
has traded >500 times in the last 6 months.
* +/-15% from last traded price if
stock has traded 500 times or less but greater than 20 times last 6 months.
* +/-20% from last traded price if stock has traded 20 times of less in the last 6 months.
Static Threshold:
+/-50% from previous closing price.

Tick
Size and
board Lots
PRICE RANGE  BOARD LOT TICK SIZE
0.0001 - 0.0099 1000000 0.0001
0.01- 0.049 100000 0.001
0.05- 0.249 10000 0.001
0.25- 0.495 10000 0.005
0.5- 4.99 1000 0.01
5- 9.99 100 0.01
10- 19.98 100 0.02
20- 49.95 100 0.05
50- 99.95 10 0.05
100- 199.9 10 0.1
200- 499.8 10 0.2
500- 999.5 10 0.5
1,000- 1,999 5 1
2,000- 4,998 5 2
5,000- above 5 5
Official
Closing
Price
Auction price.
Crosses
There is a platform for block transactions with the
following critiera;
• The value of transaction should be no less than PHP 20M
• The maximum price movement of the cross is 5%
from the Last Adjusted Closing Price
• Price must not exceed four decimal places
The is another platform for Special Block with the
following critiera;
• The value of transaction should be no less than PHP 50M
• Prices must not exceed four decimal places
• Volume may be non-multiples of the board lot
• All required documents must be submitted to the
Exchange
Off-
Market
crosses
Crossing can be done in the market spread during regular trading hours.
MARKET REGULATIONS
Foreign Ownership Restriction

Foreign investors can own up to 40% of most listed stocks. List of stocks that are not available for foreign ownership is available upon request.

Disclosure Rules

Upon reaching 5% ownership person or entity must disclose position within 5 business days from the acquisition; for qualified buyers - within 45 calendar days after the end of the fiscal year.

Securities Lending

Allowed

Short selling

Allowed

Crossing Restrictions

None

Timeline for New NIN Setup

1 business day

MARKET FEES & TAXES
Market Fees  5bps on the buy
64bps on the sell 
(Various mkt fees available on breakdown plus 12% VAT on comm)
Capital Gains Tax Not applicable.
Dividend Withholding Tax 25%