PSE president and CEO Ramon Monzon said the country's sole stock market operator is optimistic that bright spots such as easing inflation and interest rates will help create an ideal environment for capital raising next year.
"High interest rates prompted companies to opt out of raising capital from the equities market in the last few months, and more recently, the market's volatility," Monzon said.
"Given the remaining offerings in the pipeline, the number of capital raising activities and the total amount raised in 2024 will definitely be lower year-onyear," he said.
In 2023, total capital raised from primary and secondary shares amounted to P140.95 billion, up by 28 percent from the P110.29 billion raised in the previous year.
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