Rappler
PSE: Domestic market cap only down P273 billion, not P5 trillion
The Philippine Stock Exchange Inc. (PSE) has debunked claims of a P5 trillion market capitalization wipeout as fake news, stating these were made by a pseudo-expert and published by an online tabloid.
The exchange clarified that domestic market capitalization losses from December 2024 to October 2025 are at P273.26 billion, or 1.88 percent, not P5 trillion.
PSE tracks two types of market capitalization: Domestic MCAP for Philippine companies and Total MCAP which includes dually listed foreign companies.
The PSE uses domestic MCAP as its primary reference for the Philippine stock market's performance, as it more accurately captures the local market's performance.
The PSE described the act of using total MCAP for comparison as "dishonest, if not malicious, and is clearly meant to provoke investors to lose confidence in the Philippine capital market and destabilize the economy."
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