Publicly listed firms raise record P234.5 billion from market last year

Iris Gonzales – The Philippine Star

January 2, 2022 | 12:00am

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MANILA, Philippines — The Philippine Stock Exchange Inc. (PSE), the operator of the local bourse, broke 2020’s capital raising record, hitting P234.48 billion in 2021.

This was on the back of the biggest initial public offering in the history of the stock market, Monde Nissin’s P48.6 billion IPO in June 2021.

In all, the PSE had eight IPOs, 11 follow-on offerings, four stock rights offerings and seven private placements.

“We are pleased that more companies chose to raise funds through the PSE. Their confidence in the stock market made it possible for us to achieve this record capital raising number,” said PSE president and CEO Ramon Monzon.

Year to date, the PSEi dipped by 0.2 percent. The All Shares index, on the other hand, shed 10.6 percent year to date, after it ended the year at 3,818.12 points.

This as the PSE index (PSEi) closed at 7,122.63 points, down by 211.93 points or 2.9 percent.

For 2021, daily average value turnover for the year was at P9 billion, up by 22.5 percent from 2020’s P7.35 billion average.

However, foreign investors were net sellers by P2.32 billion although significantly narrower than last year’s P128.57 billion net foreign selling. They were also responsible for 36.1 percent of the trading value turnover, while the rest were accounted for by their local counterpart.

A surge in retail investor participation was also logged in 2021 at 31.1 percent, from 18.2 percent in 2019 and 26.9 percent in 2020.

Monzon sees the active participation of local retail investors to continue next year.

“While this is a much welcome development, we also hope to see the gradual return of foreign funds to the Philippine stock market,” Monzon said.

PSE will open 2022 with the back to back IPO of Haus Talk Inc. and Figaro Coffee Group Inc.



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