What a bumpy 6-month ride it has been.
The first half of 2013 ended a week ago, closing a turbulent chapter on stock market investing that saw investors in exuberance and euphoria during the first months of the year and in panic and distress in the closing months of the first half of 2013.
Let us reminisce what happened in the last 6 months.
Philippine stocks took a heavy beating yesterday, with the index dropping for the 3rd straight day to close at 4,157.03.
On Tuesday, August 10, the 30-company benchmark index Philippine Stock Exchange index (PSEi) tumbled 4.02% from Monday’s trading, the biggest drop since March 16, 2009 when the index nosedived 4.66% to 1,769.67.
Stocks are already down 9.5% from the peak registered on August 1 this year, and the bourse’s performance is crawling back to negative territory year-to-date with the PSEi dropping 1% from the start of 2011.
