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PSE announces reforms to bolster stock market

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The Philippine Stock Exchange (PSE) said Wednesday it is amending its board lot rules to allow retail investors to purchase

PSE president and chief executive Ramon Monzon said in a forum the move would accommodate the expected influx of retail investors from leading mobile wallet GCash.

The PSE said it would also officially launch on Oct. 23 its short-selling and securities borrowing and lending program. “We are grateful to the SEC and BIR for their approvals on important regulatory aspects of SBL and short selling. This development brings us a step closer to the full adoption and implementation of these much-awaited programs,” said Monzon.

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