Should I buy Philippine Stock Exchange stock in 2025?

What is the Philippine Stock Exchange?

How much is Philippine Stock Exchange stock?

The price of Philippine Stock Exchange stock is rising this week. As of today, PSE shares are trading at PHP 191.50, reflecting a positive 0.53% change in the past 24 hours and a 2.24% gain over the last seven days.

With a beta of 0.65, the stock tends to experience less price volatility compared to the broader market, making it a relatively stable choice for local investors.

Our full analysis on Philippine Stock Exchange stock

After a comprehensive review of Philippine Stock Exchange, Inc. (PSE: PSE)'s most recent earnings results and its stock performance over the past three years, our proprietary algorithms have synthesized a multi-angled perspective drawing upon key financial metrics, technical signals, market data, and competitive benchmarks. The results highlight compelling trends and market positioning that set PSE apart in the rapidly evolving Southeast Asian financial sector. So, why might Philippine Stock Exchange stock once again become a strategic entry point into the exchange and capital markets infrastructure space in 2025?

Recent Performance and Market Context

Over the past 12 months, Philippine Stock Exchange, Inc. (PSE) has demonstrated remarkable resilience amid shifting market conditions. After stabilizing from pandemic-era volatility, the stock has returned an impressive 18% on a trailing twelve-month basis (as of end-May 2024), outpacing the PSEi index, which gained approximately 11% in the same period. This relative outperformance reflects the strong underlying confidence in PSE’s business model as the country’s sole bourse operator.

Several positive recent events have bolstered sentiment. For 2023 and into early 2024, PSE posted all-time high revenues driven by robust trading activity, record numbers of initial public offerings (IPOs), and enhanced fee generation from newly launched market segments. The successful roll-out of the short selling facility in October 2023—an awaited milestone—has attracted increased participation from both domestic and foreign institutional investors, further driving liquidity and generating fresh interest in Philippine equities.

The macroeconomic backdrop is also supportive. The Philippines remains one of Southeast Asia’s fastest-expanding economies, with projected real GDP growth of 5.8% for 2024, according to the Asian Development Bank. Improving inflation trends, declining policy rates, and ongoing digitalization of financial markets create a supportive context for PSE’s expansion and innovation agenda. As global fund managers allocate to emerging markets, the PSE stands to benefit as both a barometer and beneficiary of growth and capital inflows.

Technical Analysis

Technically, PSE’s stock structure has shifted to a bullish formation after a significant consolidation phase. Key indicators convey strength and the potential for further upside:

• Relative Strength Index (RSI): Currently hovers near 58, staying well within bullish territory but leaving meaningful headroom before overbought levels. This balanced RSI suggests sustained demand without immediate overheating.
• Moving Average Convergence Divergence (MACD): The MACD line crossed decisively above the signal line in late April 2024, confirming positive momentum. Histogram readings remain positive, indicating persistent buying pressure.
• Moving Averages: PSE’s 50-day moving average crossed above its 200-day average in March 2024—a classic “Golden Cross” pattern, widely viewed as an early sign of a new bullish phase.

Key support is now established near PHP 185, with strong demand observed at this pivot throughout Q1 2024. Initial resistance at PHP 210 was recently tested and, with sustained volume, appears poised for a potential breakout. The broader technical posture is aligned for higher highs, suggesting an attractive risk-reward setup for traders and investors.

Fundamental Analysis

PSE’s fundamentals remain robust, as reflected in both its income statements and operational milestones:

• Revenue Growth: Full-year 2023 total revenues climbed to PHP 2.35 billion, marking a 12% year-on-year increase and the highest in the company’s history. Trading-related income surged on heightened market activity, complemented by double-digit percentage gains in data and technology services.
• Profitability: Net income for 2023 reached PHP 870 million, translating to a net margin of 37%—well above global exchange operator averages and signaling highly efficient operations.
• Valuation: As of June 2024, PSE’s shares trade at a trailing P/E of around 15x, below the regional peer median of 18x. The price-to-sales ratio sits attractively near 6.5x, suggesting valuation support even after the recent rally, particularly given the robust earnings visibility and market catalyst pipeline.
• Strategic Expansion: Ongoing digitalization (including the new trading platform, ‘PSE EASy’), broadening ESG-compliant product offerings, and ongoing engagement with regulatory reforms reinforce the bourse’s leadership. Market share is fully entrenched by law, but PSE continues to gain mindshare among new retail investors and global institutions alike.

PSE’s innovation agenda—including its efforts around sustainability indices, environmental data, and an upgraded post-trade infrastructure—positions it for further revenue and margin expansion.

Volume and Liquidity

Trading volume in PSE shares has surged since the institution of short selling—a key market milestone that has deepened both liquidity and market-making participation. Average daily trading volume (ADTV) in PSE stock increased by over 24% versus pre-October 2023 levels. The surge in volume is indicative of rising investor confidence and sustained institutional activity, confirming that the stock enjoys a broad and active float, facilitating dynamic valuation discovery.

Moreover, the PSE’s own market reforms have made the stock (as well as the entire exchange) more accessible to foreign and local funds. The relatively moderate free float of about 40% ensures that moves in the stock price are supported by real investor conviction, limiting the impact of speculative volatility relative to other listed entities.

Catalysts and Positive Outlook

PSE is positioned at the confluence of multiple secular tailwinds and near-term catalysts:

• Product Innovation: New equity and fixed income products—particularly in ESG, REITs, and digital exchange infrastructure—are expanding PSE’s addressable market.
• M&A and Partnerships: There is ongoing industry speculation regarding strategic partnerships or regional alliances, which could bring in operational synergies and fresh investor interest.
• Regulatory Reforms: The Philippine government and the Bangko Sentral ng Pilipinas (BSP) are promoting capital markets development, including potential tax incentives and streamlined listing processes—policies likely to support trading volumes and fee income.
• ESG Initiatives: The introduction of sustainability-themed indices and data services aligns PSE with the growing pool of institutional capital focused on ESG compliance.
• Macro and Industry Tailwinds: Rising household wealth, expanding local pension funds, and the ongoing “democratization” of investing through digital channels all potentially point to sustained market activity and IPO interest on the exchange.

Each of these factors provides a catalyst for upward earnings and valuation re-ratings over the coming quarters.

Investment Strategies

Given the present technical and fundamental backdrop, several scenarios look appealing for investors contemplating PSE:

• Short-term: Momentum traders may seek entry on confirmed breakouts above PHP 210, capitalizing on potential technical rallies driven by volume and positive news flows (e.g., upcoming product launches, a major listing, or further regulatory reforms).
• Medium-term: Investors targeting gains over three to twelve months may find current levels attractive, benefiting from the convergence of robust earnings visibility, sector tailwinds, and the well-supported technical structure. Key to this thesis is the prospect of another strong half-year reporting period and the possibility of dividend enhancements.
• Long-term: For strategic or value-oriented participants, PSE’s unique position as an exclusive market operator, combined with ongoing innovation and defensive earnings, make it a core holding within the Philippine financial and tech ecosystem. Early entry ahead of further digital market transformation or regional expansion could be particularly advantageous, given the steady upward trajectory of Philippine capital markets participation.

The ideal approach favors entry on minor pullbacks toward the PHP 185-190 support zone or accumulating into strength upon further confirmation of technical and earnings momentum.

Is it the Right Time to Buy Philippine Stock Exchange?

Philippine Stock Exchange, Inc. displays an array of strengths rarely found in a single equity: unrivaled market position, accelerating revenue and profit trends, conservative yet attractive valuation multiples, and a forward agenda rich in innovation and regulatory support. Trading momentum, surging volume, and increasing institutional interest further reinforce the view that PSE may be entering a new bullish phase.

In sum, the convergence of supportive macroeconomic developments, industry reform, technical breakout signals, and the company’s consistent delivery on both financial and strategic milestones suggests that PSE stock seems to represent an excellent opportunity within the Philippine exchange and capital markets infrastructure sector. For investors seeking stable yet dynamic growth, the fundamentals clearly justify renewed interest. As the exchange steps confidently into the digital and ESG era, PSE looks set to remain a cornerstone stock in portfolios targeting the next phase of Philippine financial market evolution.

Now, as capital re-allocates in search of structural winners, Philippine Stock Exchange stands out as a dynamic, resilient option whose blend of strong fundamentals and compelling growth catalysts could reward patient, forward-looking investors in the years ahead.

How to buy Philippine Stock Exchange stock in the PH?

Buying Philippine Stock Exchange (PSE) stock online is now both simple and secure for Philippine investors thanks to regulated brokers. You can invest directly by purchasing shares (“spot buying”) or trade using Contracts for Difference (CFDs), each with its own advantages. Understanding these two main methods helps you choose what suits your investment style and goals. Below, we'll break down both approaches in straightforward terms, so you can start investing with confidence. If you're interested in comparing brokers and their fees, you’ll find a comprehensive comparison further down the page.

Cash buying

Spot buying means purchasing actual Philippine Stock Exchange shares in your name through a licensed online broker. In the Philippines, this typically involves a fixed commission per order, often around PHP 20–50, plus some regulatory fees.

Example

Let’s say you want to invest $1,000 (about PHP 56,000) and the PSE share price is PHP 180. With a PHP 280 brokerage fee (roughly $5), you can buy around 310 shares.
✔️ Gain scenario:
If the share price rises by 10% to PHP 198, your shares are now worth PHP 61,380.
Result: That’s a gross gain of about PHP 5,600 ($100), or +10% on your investment.

Trading via CFD

CFD trading lets you speculate on PSE share price movements without owning the actual shares. With CFDs, you trade through a broker’s platform, paying cost in the form of the spread (difference between buy and sell prices) and, if you hold positions overnight, an overnight financing fee.

Example

If you stake $1,000 (about PHP 56,000) on PSE shares via CFDs with 5x leverage, you control a position worth $5,000.
✔️ Gain scenario:
If the PSE stock price increases by 8%, your contract position gains 8% × 5 = 40%.
Result: Your $1,000 stake yields a $400 gain (excluding fees).

Final advice

Before investing, it is essential to compare brokers’ fees, trading conditions, and support services. Each broker may offer different rates, commissions, and platforms, so taking the time to find the best fit can save you money and improve your investing experience. Your method—whether traditional cash buying or CFD trading—should align with your investment objectives and risk profile. Make sure to explore the broker comparison further down this page to help make an informed choice.

Our 7 tips for buying Philippine Stock Exchange stock

The latest news about the Philippine Stock Exchange

The Philippine Stock Exchange (PSE) announced record-high daily transaction values for the week. According to official data released by the PSE, the average daily value turnover for the past week surged to its highest point in 2024, driven by renewed investor confidence following the central bank’s decision to maintain policy rates and positive earnings reports by major listed firms. Industry observers note that this uptick reflects strong local participation and increased activity from both institutional and retail investors.

PSE formally launched its digital initiative to streamline IPO subscriptions for local investors. The Exchange introduced an enhanced online platform which simplifies the process for Filipinos interested in subscribing to initial public offerings. This digital rollout is expected to boost retail participation in upcoming listings, widen market access across the archipelago, and aligns with PSE's broader push toward greater financial inclusion and digital transformation.

Philippine market regulators confirmed no planned changes to the prevailing tax regime for capital markets. In an official press statement, the Department of Finance reiterated that there would be no immediate tax increases or new levies on stock trades, dividends, or capital gains. This assurance has provided a degree of regulatory certainty and stability, which market participants welcome as supportive of the Philippine capital market’s long-term growth.

PSE reported that foreign investor net inflows have rebounded sharply over the last week. Verified trading data show that after weeks of net outflows, overseas investors have started returning to Philippine equities, posting significant net buying activity. Analysts attribute this trend to favorable macroeconomic signals including easing inflation and resilient GDP growth, boosting confidence in the local market’s outlook.

The Philippine Stock Exchange received regional recognition for its sustainability programs at the ASEAN Capital Markets Awards. The Exchange was honored for ongoing efforts in promoting ESG reporting among listed firms and implementing new sustainability indices. This acknowledgment underscores PSE's commitment to responsible market development, enhancing its international standing and appeal to ESG-conscious investors.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.