ISSN 0118-1769

VOL. XXIX NO. 03

Monthly Report March 2022
Mil Php
(truncated)
DAILY and VALUE TURNOVER PSEi
20,000
9,100
8,800
18,000
8,500
16,000 8,200
7,900
14,000 7,600
7,300
12,000
7,000
6,700
10,000
6,400
8,000 6,100
5,800
6,000 5,500
5,200
4,000
4,900
2,000 4,600
4,300
- 4,000
15-Mar 15-Apr 14-May 11-Jun 09-Jul 09-Aug 07-Sep 05-Oct 03-Nov 02-Dec 03-Jan 02-Feb 03-Mar 31-Mar
INDEX PERFORMANCE
Mar-22 Comparative Change (in percent)
High Low Close 1-month 3-month 6-month 12-month Year-to-Date
PSE Index (PSEi) 7,404.61 6,816.95 7,203.47 (1.47) 1.13 3.60 11.80 1.13
All Shares Index 3,921.05 3,638.49 3,811.83 (1.99) (0.16) (11.88) (2.87) (0.16)
Financials Index 1,705.46 1,581.07 1,694.89 0.30 5.52 20.68 23.37 5.52
Industrial Index 10,264.62 9,243.65 9,800.04 (5.23) (5.81) (4.45) 13.83 (5.81)
Holding Firms Index 7,150.00 6,566.58 6,905.12 0.13 1.44 (0.83) 5.83 1.44
Property Index 3,537.66 3,243.65 3,315.15 (6.37) 2.97 9.62 3.21 2.97
Services Index 1,968.49 1,812.41 1,953.33 2.08 (1.66) 0.93 38.08 (1.66)
Mining & Oil Index 14,713.61 11,812.89 12,440.47 1.70 29.57 34.03 46.76 29.57

AVERAGE DAILY VALUE TRADED (in Million Php)

Feb-22 Mar-22 Year-to-Date Comparative Change (in percent)
(18 days) (23 days) (61 days) 1-month 3-month 6-month 12-month Year-to-Date 1
Total Market 9,913.03 8,523.20 8,130.12 (14.02) (26.18) (2.83) (13.75) (26.02)
Regular Market 8,807.57 7,799.73 7,404.72 (11.44) 15.62 12.09 8.27 (23.11)
Non-regular Market 1,105.46 723.47 725.41 (34.56) (84.93) (60.09) (72.99) (46.64)

Domestic Issues 9,909.33 8,520.57 8,127.10 (14.01) (26.18) (2.76) (13.74) (26.01)
Foreign Issues 3.70 2.63 3.02 (29.04) (42.38) (69.62) (45.17) (48.96)

Common 9,839.60 8,484.12 8,071.80 (13.78) (26.06) (2.35) (13.02) (25.18)

Preferred 64.98 32.50 47.66 (49.99) (50.14) (44.58) (54.45) (69.85)
Warrants & PDR 4.88 4.28 7.46 (12.27) 23.20 (78.31) (89.68) (68.83)
Dollar Denominated 3.57 2.30 3.21 (35.61) (22.74) (50.68) (84.77) (84.06)

Total Market 9,913.03 8,523.20 8,130.12 (14.02) (26.18) (2.83) (13.75) (26.02)
Financials Sector 1,439.85 990.95 1,093.79 (31.18) 0.29 59.46 0.01 5.00
Industrial Sector 2,744.49 1,673.84 2,011.88 (39.01) (73.90) (29.42) (31.07) (15.11)
Holding Firms Sector 1,301.43 1,967.71 1,455.35 51.20 41.84 46.85 49.97 (25.90)
Property Sector 1,733.43 1,457.36 1,369.17 (15.93) 42.61 (24.27) (16.57) (1.78)
Services Sector 2,404.42 1,891.74 1,828.45 (21.32) 18.97 (18.75) (36.77) (47.87)
Mining & Oil Sector 262.78 527.88 340.29 100.88 325.88 247.65 110.53 (26.19)
SME Board 24.34 11.81 29.23 (51.50) (41.19) (63.14) (92.53) (88.22)
ETF 2.29 1.92 1.97 (16.23) 2.56 7.77 (49.35) (40.58)
 2010, The Philippine Stock Exchange, Inc. All rights reserved. No part of this report can be reproduced in any form by any means without the consent of the Exchange.

1
Current year-to-date average daily value traded vs. previous year-to-date average daily value traded
March 2022 Monthly Report 1

Table of Contents MONTHLY REVIEW

Value (Mil Php) PSEi

30,000 8,000
1 Monthly Review
4 Monthly Feature
25,000
6 Business Cost Indicators 7,500
Foreign Quotations
Exchange Rates 20,000
7,000
7 Market Statistics
Daily PSEi 15,000
Daily Foreign Transactions
6,500
Daily Trading 10,000
Monthly Sector Summary
Monthly Market Activity 6,000
5,000
PSE Sector Indices
Sector Index Performance & Trading Value
0 5,500
Market Capitalization 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
MARCH
PSEi Constituents
13 Active Companies STOCK MARKET REPORT
By Volume Turnover Ratio
By Trading Frequency • The domestic equities market experienced persistent volatility in March stemming from the series of
By Trading Value events that took place. On one hand, investor sentiment was positive following no significant uptick
in COVID-19 cases in any part of the country which prompted the national government to place Metro
By Foreign Activity Manila under Alert Level 1 at the start of the month. On the other hand, share prices suffered due to
15 Active Issues Russia’s continued invasion of Ukraine and as a result thereof, price hikes in petroleum products
Gainers and Losers ensued. The Philippine Stock Exchange Composite Index closed the month of March down by 1.5% or
By Price Change 107.54 points to 7,203.47 points from 7,311.01 points the previous month. Year-to-date, however,
this represented an increase of 1.1% or 80.84 points from 7,122.63 points at the end of 2021.
By Change in Volume Traded
By Net Foreign Buying • The sector indices closed mix during the month. The Property and Industrial indices contracted by
By Net Foreign Selling 6.4% and 5.2%, respectively, month-on-month. Meanwhile, the Services, Mining & Oil, Financial, and
18 Active Trading Participants Holding Firms indices rose by 2.1%, 1.7%, 0.3%, and 0.1%, respectively. The broader All Shares index
By Trading Value dropped by 2.0% or 77.26 points to finish the month at 3,811.83 points from 3,889.09 points in
February. Year-to-date, this was 0.2% or 6.29 points lower than the 3,818.12-point close in 2021.
By Frequency
19 Trading Statistics • Total market capitalization (MCAP) in March amounted to P18.19 trillion, down by 0.3% from the
20 Fundamental Data & Financial Ratios P18.25 trillion total MCAP registered the previous month, albeit 0.6% higher than the P18.08 trillion
35 Corporate Disclosures figure at the end of 2021. Domestic MCAP, which excludes three foreign companies, likewise declined
by 1.9% to P14.561 trillion during the month from P14.84 trillion in February, and was also 0.02%
Dividend Declaration
slightly lower than the P14.563 trillion domestic MCAP in December 2021.
Additional Listings
Changes in Corporate Information • The total value of transactions executed through the Exchange went up by 9.9% to P196.03 billion in
Block Sales March from P178.43 billion the previous month. On the contrary, this represented a decrease of 13.8%
Schedule of Stockholders’ Meeting from P227.29 billion in March 2021. The average daily value of trades for the month meanwhile
declined by 14.0% to P8.52 billion from the P9.91 billion daily average in February and was likewise
41 Directory of Trading Participants
lower by 13.8% from P9.88 billion in March 2021. For the first three months of the year, the total
46 PSE Board of Directors & Officers value turnover decreased by 26.0% to P495.94 billion from P670.37 billion in the comparable period
last year. Likewise, the average daily value turnover from January to March plunged by 26.0% to
P8.13 billion from P10.99 billion in the same three-month period in 2021.
The data contained in the PSE Monthly Report were collated by
the Market Data Department of the Philippine Stock Exchange. The • Foreign transactions netted an outflow of P10.54 billion in March, a reversal of the P8 billion net
views and comments presented by the writers in this report do not buying amount a month ago. This was, however, an improvement from the P23.70 billion net selling
necessarily represent the views and comments of the PSE. The PSE does
figure in the same month last year. Foreign transactions accounted for 45.8% of the total market
not make any representations or warranties on matters such as, but not
limited to, the accuracy, timeliness, completeness, currentness, non- trades during the month. Year-to-date, the ratio of foreign to total market trades was at 39.4%, higher
infringement, merchantability or fitness for any particular purpose of the than the 25.7% share it cornered in the January to March period last year.
information and data herein contained. The PSE assumes no liability and
responsibility for any loss or damage suffered as a consequence of any • The Philippine Stock Exchange, Inc. (PSE) launched the PSE MidCap Index and PSE Dividend Yield Index
errors or omissions in the report, or any decision made or action taken
on 28 March 2022. The former was designed to showcase the mid-sized companies while the latter
in reliance upon information contained herein. The information contained
herein is for information purposes only, does not constitute investment highlights the companies that consistently give high-yielding dividends. Both indices have 20
advice, and is not intended to influence investment decisions. Advice constituents and the index members as of the February 2022 recomposition stemmed from a review
from a securities professional is strongly recommended. of companies from January to December 2021. The base date and base level for both indices is
December 30, 2010 at 1,000. At the launch, the starting levels of the PSE MidCap Index and the PSE
For inquiries, suggestions or subscriptions to the Monthly Report,
Dividend Yield Index were 1,195.10 and 1,708.56, respectively, representing an increase of 19.5%
please call (632) 8876-4888, or send a message by fax to (632) 8876 -
4557 or (632) 8876 -4558, or email to [email protected]. and 70.9% from their base levels, based on the 11-year backtesting conducted by the PSE. The
subsequent levels are computed at the end of every trading day.

For inclusion in the PSE MidCap Index, a company must be listed for at least 12 months during the
review period and must have a free float of at least 15% of its outstanding shares at the end of the
12-month period. Market capitalization, liquidity and financial performance are the other criteria
considered. Meanwhile, to qualify for inclusion in the PSE Dividend Yield Index, companies should have
regularly issued cash dividends for the past three consecutive years. Companies must also be listed
for at least 12 months during the review period and at least six months for real estate investment
trusts. The free float, liquidity and financial performance of companies are also evaluated.