SM Investments

MSCI Philippines Index vs. PSEi Annual Returns

Last week, Philippine stocks suffered a beating following a sharp decline in the stock price of SM Investments Corp. (SM), a large conglomerate with market capitalization of more than P641 billion. A big price fluctuation in such a large company would no doubt lead to a big movement in the Philippine stock market. And we saw this happen last week.

But why? What explains the sudden price drop of SM that led to an overall decline in the prices of Philippine stocks?

50 Richest Filipinos in 2013 hold 1/4 of Philippine GDP

Here’s a statistic that some of us might find interesting / surprising / depressing / revolting: The combined wealth of the fifty (50) richest Filipinos is equivalent to roughly one-fourth or 26% of the country’s Gross Domestic Product (GDP).

That’s according to the latest installment of Forbes Magazine’s list of the Philippines’ 50 Richest, an annual compilation of the wealthiest Filipinos based on their net worth.

SM Investments

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