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PIA Press Release
2010/05/13

PSE lauds automated polls; cites PGMA's initiatives

Manila (13 May) -- The Philippine Stock Exchange (PSE), through Ms. Beth Lacson, head of PSE Public and Investor Relations Section, issued yesterday (May 12) this statement on highly positive market trends that followed Monday's (May 10) elections:

"The Philippine Stock Exchange (PSE) lauded the success of the country's first automated polls and acknowledged this initiative by the administration of President Gloria Macapagal Arroyo.

"The peaceful conduct of the 2010 elections owing largely to the country's first foray into an automated polling system is a large factor in maintaining investor confidence in the stock market and ensuring political continuity that is a key impetus for growth," PSE Chairman Hans B. Sicat said.

Following the May 10 elections, the main PSE index recorded its highest percentage gain in more than eight months on May 11. The PSEi closed at 3262.93 on May 11, surging by 120.87 points or 3.85 percent, its biggest percentage gain after August 24, 2009 when it recorded a gain of 5.11 percent.

On Wednesday, the PSEi rose 6.48 points or 0.2 percent to finish at 3269.41 points.

PSE operates the only stock exchange in the Philippines with 250 listed companies and 132 operating trading participants." (PIA-MMIO) [top]

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