The Philippine Stock Exchange Inc. (PSE) over the weekend denounced what it described as “preposterous” claims that the local bourse has lost up to P5 trillion in market capitalization (MCAP) since December 2024, with the total year-to-date losses at P886.84 billion.
In a statement released Sunday, the PSE said the claims were made last Friday, October 10, by a “pseudo-expert” on the stock market, and were then carried by an online publication.
READ: PSE dismisses P5-trillion market cap wipeout as fake news