The unveiling of the new electronic board was led by PSE Chairman Jose T. Pardo and PSE President and CEO Hans B. Sicat with the event’s guest of honor Securities and Exchange Commission Chairperson Teresita Herbosa.
“As we unveil our new electronic board today, I believe that we are also unveiling a new leaf in our history beyond the dynamic visuals that the new electronic board will let us experience henceforth. Given the pace of progress and development of markets globally, I am sure the next ten years will fly by us even faster. But I am confident that we shall also be able to achieve more in the coming years,” PSE Chairman Jose T. Pardo said in his welcome remarks at the bell ringing ceremony for the listing anniversary.
The electronic board is composed of 130 LED panels covering close to 80 square meters of dynamic display. It gives a preview of the stock market indices and shows real time intraday graphs and pie charts of the sectors. It features the most actively traded stocks by value and the top ten gainers and losers. The new electronic board also has interactive display of US and Asian Markets, currency updates and has video-playing capability.
“2014 presents a whole new world of exciting opportunities for the PSE and the stock market. We shall continue to roll-out our programs under our three-year strategic plan. We shall again work closely with all key stakeholders and our regulators to push for the launching of the first Personal Equity Retirement Account under the PERA Law as well as the short selling program of the PSE. We will start establishing the building blocks that will lead to the introduction of our own index options and futures to be traded at the PSE. Of course, we will continue to promote and conduct market awareness activities on the products we introduced this year such as the Exchange Traded Fund, Shariah list, the PSETradex and the PSE EDGE,” Pardo also noted in his speech.
The PSE listed by way of introduction in December 2003.
In 2013, the PSEi breached the 6,000 and 7,000 marks and hit an all-time intraday high of 7,403.65 and a record close of 7,349.95. It ended 2013 with a year to date gain of 1.3 percent.