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PSE says no P5-T MCAP loss since Dec. 2024
The Philippine Stock Exchange Inc. (PSE) has debunked claims of a P5 trillion market capitalization wipeout as fake news.
The PSE stated that these claims were made by a pseudo-expert and published by an online tabloid.
A social media post on Oct. 10 advanced the claim, which was reposted the following day in an online tabloid.
The exchange clarified that year-to-date losses are at P886.84 billion, not P5 trillion.
The PSE emphasizes that it tracks domestic market capitalization as the primary reference for the Philippine stock market's performance.
The PSE tracks two types of market capitalization: Domestic MCAP for Philippine companies and Total MCAP which includes dually listed foreign companies.
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