UCPB Securities is tops in March

UCPB Securities, a wholly owned subsidiary of UCPB, emerged as the number one stockbroker at the 184-member Philippine Stock Exchange (PSE) in March 2002 as it posted value turnover of P4.5 billion during the month.

PSE data showed that UCPB Securities’ value turnover accounted for 18.98 percent of the total value turnover of the stock exchange in March. The next highest was posted by Deutsche Regis Partners, Inc. at P2.06 billion or 8.65 percent of total, followed by three more foreign houses, namely, UBS Warburg Securities (Phils.), Inc. with P1.59 billion or 6.69 percent, J.P. Morgan Securities Phils., Inc. with P1.37 billion or 5.76 percent, and ING Baring Securities (Phils.), Inc. with P1.26 billion or 5.27 percent.

UCPB Securities’ strong performance in March made it the fifth most active stockbrokerage house in the country at the end of the first quarter of 2002, and the most active among local houses.

Only two other local stock brokers landed in the top 10 most active stockbrokers at the PSE for the quarter. The others are Philippine Equity Partners, Inc., which ranked seventh, and RCBC Securities, Inc., which ranked ninth.

The rest in the top 10 are all foreign-owned brokerage houses led by ING Baring (1st), UBS Warburg (2nd), J.P. Morgan (3rd), Deutsche Regis (4th), CLSA Philippines, Inc. (6th), ATR-Kim Eng Securities, Inc. (8th) and DBS Vickers Securities, Inc. (10th).