Best and worst PSE stocks: January-June 2009
Juli 9, 2009
Earlier this week, we reported that the Philippine Stock Exchange index (PSEi) ended the first half of 2009 up by as much as 30%.
We’ve also identified the Mining and Oil and Industrial sectors as the main contributors for this rise in stock prices.
But which specific stocks had the best and worst performance from January to June 2009?
Read on.
We show below a list of stocks that had the highest increases and decreases in value during the first half of the year. What we did was compare the price of the stock in December 31, 2008 and its current price at July 6, 2009.
Top 10 Best Performing Stocks in the Philippine Stock Exchange (PSE), 1st Half 2009
| Company | PSE Code | 12/31/08 Price | 07/06/09 Price | % Change | Industry Sector |
|---|---|---|---|---|---|
| NIHAO MINERAL RESOURCES INC | NI | 1.43 | 6.70 | 369.17% | Mining |
| LEPANTO CONS MINING 'A' COM | LC | 0.06 | 0.175 | 191.67% | Mining |
| DIZON COPPER-SILVER MINES | DIZ | 1.20 | 3.40 | 183.33% | Mining |
| SOUTHEAST ASIA CEMENT HLDG | CMT | 0.29 | 3.78 | 169.00% | Construction |
| MANILA ELECTRIC COMPANY | MER | 59.50 | 153.00 | 157.10% | Electricity & Energy |
| APEX MINING CO INC-A | APX | 1.10 | 2.80 | 154.55% | Mining |
| JG SUMMIT HOLDINGS INC | JGS | 1.70 | 4.20 | 147.10% | Holding Firms |
| DMCI HOLDINGS INC | DMC | 2.65 | 6.30 | 137.70% | Holding Firms |
| ZEUS HOLDING INC | ZHI | 0.15 | 0.34 | 126.70% | Holding Firms |
| FILINVEST DEVELOPMENT CORP | FDC | 0.77 | 1.74 | 125.98% | Property |
Top Gainers: Nihao Mineral Resources (NI); Lepanto Construction Mining ‘A’ (LC); Dizon Copper-Silver Mines (DIZ); Southeast Asia Cement Holdings (CMT); Manila Electric Company (MER); Apex Mining Company ‘A’ (APX); JG Summit Holdings (JGS); DMCI Holdings (DMC); Zeus Holding Inc. (ZHI); Filinvest Development Corp. (FDC).
You could have made a killing if you invested in any of the ten stocks during the start of the year. If you invested P1 million in Nihao Mineral Resources (NI), for example, it is now worth P4,691, 700 — a whopping 369.17% increase.
Four of the top ten best performing stocks are from the Mining sector. This explains why this industry had a 76.46% overall increase in value during the first half of 2009.
Top 10 Worst Performing Stocks in the PSE, 1st Half 2009
| Company | PSE Code | 12/31/08 Price | 07/06/09 Price | % Change | Industry Sector |
|---|---|---|---|---|---|
| ATOK BIG WEDGE CO INC-A | AB | 2.10 | 1.28 | (39.0%) | Holding Firms |
| ABOITIZ TRANSPORT SYSTEM | ATS | 1.64 | 1.18 | (28.05%) | Transportation Services |
| VITARICH CORPORATION | VITA | 0.165 | 0.12 | (27.3%) | Food, Beverage & Tobacco |
| ISM COMMUNICATIONS CORP | ISM | 0.027 | 0.020 | (24.94%) | Information Technology |
| BANKARD INC | BKD | 1.28 | 1.02 | (20.30%) | Other Financial Institutions |
| CHINA BANKING CORPORATION | CHIB | 395.00 | 332.50 | (15.80%) | Banks |
| INFORMATION CAPITAL TECH V | ICTV | 1.40 | 1.20 | (14.29%) | Information Technology |
| I-REMIT INC | I | 4.95 | 4.25 | (14.10%) | Other Financial Institutions |
| BACNOTAN CONSOLIDATED INDUSTRIES | BCI | 10.00 | 8.70 | (13.00%) | Construction & Infrastructure |
| WELLEX INDUSTRIES INC | WIN | 0.145 | 0.13 | (10.00% | Holding Firms |
Top Decliners: Atok Big Wedge Co. Inc ‘A’ (AB); Aboitiz Transport System (ATS); Vitarich Corp (VITA); ISM Communications Corp. (ISM); Bankard Inc. (BKD); China Banking Corp. (CHIB); Information Capital Tech V (ICTV); I-Remit Inc. (I); Bacnotan Consolidated Industries (BCI); Wellex Industries (WIN).
These stocks all had price declines of at least 10% during the first half of the year. This despite the fact that the stock index grew by 30% on the average. This is why these stocks are the worst performing in the pack.
Source: Bloomberg Terminal
Related reading:
- Philippine forum on PSE stocks
- Good time now to invest in stock market?
- Your best PSE stock picks?
- Discussion forum on stocks and stock trading
Juli 15th, 2009 at %H:%M
James, thanks for taking the time to compare all the stocks in PSE to arrive at this list.
Juli 15th, 2009 at %H:%M
By the way, I would also like to comment on Meralco shares. I was surprised by how much they’ve gone up from their 50+ per share value before and they are always in the list of actively traded stocks. I think it reached a value close to 170 per share. I wonder what makes it to soar but I am thinking probably because of the major acquisition of PLDT in Meralco enabling them to have some board seats in Meralco.
Juli 22nd, 2009 at %H:%M
Meralco shares have been in play since March because initially, the Pangilinan group was moving in to acquire a hefty stake which they did at a high of 126 but their average cost was 91. Recently, Meralco related stocks such as Benpres,First Phil. Holdings, FirstGen and EDC have been moving because Meralco continues to be in play as people speculate that either the Ramon Ang or the Pangilinan group will buy up the outstanding shares in the market to obtain absolute majority in the company. It is very dangerous to buy Meralco at this level. If you own the stock, I think you should consider selling. You can use the money to buy cheaper stocks like Ayala Corp, PNB, Metrobank or even PLDT.
You can read more of my views on my blog site http://guscosio.wordpress.com