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.
Graph: PSE index performance in 2009
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: Comparative PSE index returns: 2006-2009
This was in stark contrast to the disheartening -42.7% performance in 2008, and interestingly equal to the combined returns of 2006 and 2007.
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
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