Why the PSE is one of world’s worst-performing markets
In my last article, I wrote about the just-concluded initial public offering (IPO) of Maynilad Water Services Incorporated, which was listed last Friday, November 7, 2025, under the trading symbol of “MYNLD.”
In the article, I mentioned that with the exception of Joel De la Peña, market strategist and chief trader of H.E. Bennett Securities Incorporated, who was dead sure that MYNLD would tank even on listing day, the rest of the traders I talked to were optimistic, albeit cautious.
To what I see in last Friday’s listing, MYNLD may be in for a difficult ride like what the market has been in general: MYNLD opened at its IPO offer price of P15 per share that also served as its session high; it traded lower…
