Short-Selling Debuts in the Philippines After a 27-Year Wait
- Average daily stock transaction shrunk nearly 40% in 10 years
- Foreigners may stay in the market with short selling: Monzon
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After a nearly three-decade wait, traders will finally be able to short-sell stocks in the Philippines.
A total of 52 stocks and one exchange-traded fund, including all the equities on the benchmark gauge, will be available for short-selling on Monday after regulators signed off on a proposal first made by the Philippine Stock Exchange Inc. in 1996.