THE local bourse could see up to P48.36 billion in fundraising activities for the remainder of the year, which could help boost market activity, according to the top official of the Philippine Stock Exchange (PSE).

“In terms of listing, our fund-raising pipeline at this time includes five follow-on offerings (FOOs), one stock rights offering (SRO), and one initial public offering (IPO), which will generate up to P48.36 billion in capital,” PSE President and Chief Executive Officer Ramon S. Monzon said in an e-mailed statement on Thursday.

According to the PSE, three of the five FOOs are expected to proceed in September, while the IPO, SRO, and the remaining two FOOs are tentatively scheduled for the fourth quarter.

“We hope to see more active trading for the rest of the year on expectations of a rate cut and the record first-half earnings of banks and other listed firms,” Mr. Monzon said.