Philippine Stocks Performance: 1st Quarter 2013
Philippine stocks last week were already headed to end the 1st Quarter of 2013 with a stellar performance but, thanks to a last-minute credit rating upgrade announcement courtesy of Fitch Ratings, the Philippine Stock Exchange (PSE) got additional fuel for some more rally to finally end with a 17.80% year-to-date record return.
There’s no denying the January-to-March 2013 returns of Philippine stocks was outstanding. Prior to the last trading day on March 27, the PSE index was already poised to end with a two-digit quarterly growth. But when it was announced that the country has earned its first investment grade rating, just hours before last week’s closing bell, the PSEi further surged 2.74% during the quarter’s last trading day.
The PSE index closed the quarter at 6,847.74 points.
All industry sectors were up year-to-date, led by the Property sector, which closed the quarter up 22.87%, Services, up 16.80%, and Financials, up 16.71%.
Year to date, a total of 165 shares increased prices, while 67 shares lost value, with only 5 shares unchanged. Foreign funds continued to flow to the Philippines, registering a strong P39 billion net foreign buying during the 1st Quarter.
The Top 10 stocks that registered the highest quarterly gain are as follows.
Top 10 PSE Gainers — 1st Quarter 2013
The Top 10 stocks that declined value, meanwhile, are as follows.
Top 10 PSE Losers — 1st Quarter 2013
Considering only the 30-company PSE index, the movers are as follows.
PSE index (PSEi) Year-to-Date Performance — 1st Quarter 2013
Can the Philippines sustain this stock rally until the end of the year? Place your bets and gear up while it unfolds.
Some more interesting articles to read:
- Philippines now investment grade, gets credit rating upgrade from Fitch
- PSEi composition, as of February 2013
- INFOGRAPHIC: Top 10 World’s Richest People
- Tracking the Monthly Performance of Mutual Funds
- Philippine UITFs: Monthly Performance
View Related Posts