ATR KimEng is top PSE stock broker in 2009

(MB.com.ph)

ATR KimEng Securities Inc. (ATRKE Securities), the leading Philippine-owned brokerage house, ranked first among the trading participants in the Philippine Stock Exchange (PSE) in terms of value turnover for the year 2009.

In a report by the PSE, ATRKE Securities recorded a total turnover value of P379 billion for 2009, accounting for a market share of 19.04 percent. Foreign brokers CLSA Philippines and Deutsche Regis Partners ranked second and third for the year with market shares of 8.05 percent and 7.89 percent, respectively.

The exchange’s total market value turnover for 2009 was at P1.99 trillion, up 30 percent from the P1.53 trillion recorded in the previous year. The Philippine Stock Exchange Index (PSEI) increased by 63 percent in 2009.

“Our extensive local and international distribution networks, supported by our experienced sales and research groups allowed us to capitalize on the increase in trading volume at the stock exchange this past year,” said ATRKE Securities president Lorenzo Roxas. “Our expertise and experience, as well, in successfully executing tender offers for listed companies made us the broker of choice for such transactions. The equity markets remain challenging but we hope to see even greater market activity in 2010,” he added.

ATRKE Securities provides research, sales, and execution capabilities to a broad range of institutional and retail clients, both foreign and domestic. The company was recently named “Best Domestic Broker” by FinanceAsia, Asia’s leading financial publication, in its 2009 Country Awards for Achievement. Click here to read more...