Philippine stock market performance in 2009
January 4, 2010
Happy days are here again.
A deluge of natural disasters, political bickerings and showbiz scandals may have hit the Philippines last year but the year 2009 was a rosy year for Philippine stocks.
From January to December 2009, the Philippine Stock Exchange index (PSEi) was up by 63%. This means a P100 million investment placed at the start of 2009 would be worth P163 million at the close of the year.
From a value of 1,872.85 during the last trading day of 2008, the index closed at 3,052.68 — an increase of 63% — at the last trading day of 2009.
Graph: PSE index performance in 2009
This was in stark contrast to the disheartening -42.7% performance in 2008, and interestingly equal to the combined returns of 2006 and 2007.
Graph: Comparative PSE index returns: 2006-2009
Were you able to ride this wave in 2009? Congrats if you did!
Other related articles:
- Philippine Mutual Funds: 2009 Year-end Report
- Philippine UITFs: 2009 Year-end Report
- Top Philippine Blogs of 2009
January 5th, 2010 at %I:%M %p
Wow, what an excellent year for stock market investing and I guess the same goes for mutual funds! I didn’t unload any of my mutual funds in 2009. I look forward to the 2009 year-end mutual fund report… hehe! Thanks James!
Jay Castillo´s latest blog ..Thank you and farewell to 2009! Happy New Year to all!!!