Naiwan na ng Vietnam! PSE dead last in ASEAN in daily turnovers

courtesy: Bilyonaryo.com

The Philippine Stock Exchange has been left in the dust by its counterparts in other Southeast Asian nations when it comes to trade.

Mike Macainag, head of Retail Equities at Maybank Securities Philippines, pointed out how tepid the PSE’s activity is compared to other bourses in ASEAN.

Citing Bloomberg data, the PSE posted an average daily turnover of $74.57 million, six times smaller than the next-ranked Malaysia. The value is barely 5% of the daily trades in Thailand’s bourse, and 10% of Singapore’s exchange.

‘Hope this is a wake up call for the PSE. Vietnam is now the second most traded market in ASEAN. With only 300+ listed companies driven mostly by local investors,” Macainag said in a tweet.

“Almost a hundred years old. We are dead last,” he added.

‘Hope this is a wake up call for the PSE. Vietnam is now the second most traded market in ASEAN. With only 300+ listed companies driven mostly by local investors,” Macainag said in a tweet.

“Almost a hundred years old. We are dead last,” he added.