Despite the volatility that hounded stock markets around the world, the size of the Philippine market got a boost from initiatives by companies raising capital to grow by P973 billion or 7.2 percent in 2016 from a year earlier.
The total market capitalization expanded to P14.44 trillion as of December 29, the last trading day of 2016, from P13.47 trillion in 2015, the Philippine Stock Exchange (PSE) said in a statement.
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