Defining the News
The Philippine Stock Exchange said Friday it will launch the short selling program in November, two weeks behind the original schedule, to allow more traders to adequate comply with the requirement.
“The implementation of short selling is an important milestone for the Philippine stock market. The ability to take short positions will provide investors a tool to hedge their investments, which hopefully will help attract foreign investors back to our market,” PSE president and chief executive Ramon Monzon said.
This program is expected to boost trading activity and liquidity in the stock market as this will attract foreign investors. About 53 securities will initially be eligible for short selling.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DA officials laud SMC inauguration of Magnolia Mega Farm in MindanaoDefining the News
Read more »
POS loans seen hitting P1.6t in 2028Defining the News
Read more »
Stocks slump on Fed remarks, Treasury yieldDefining the News
Read more »
Iloilo City gov’t expresses support for ICTSI’s unsolicited offer to upgrade portDefining the News
Read more »
AirAsia launches All Saint’s Day safety measuresDefining the News
Read more »
Villar Group gets awards for corporate governance practicesDefining the News
Read more »