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Sunday, January 2, 2011

Philippine stocks up by 38% in 2010

As of December 30, the last trading day of the year, the Philippine Stock Exchange index (PSEi), the barometer of overall stock market performance, was up by 1,148.46 points to end at 4,201.14.

Total value turnover for 2010 reached P1.21 trillion, 29.8% higher than the P930.4 billion registered in 2009. The combined market capitalization of listed issues in the PSE rose by 47.1% to P8.87 trillion compared with P6.03 trillion in 2009.

Preliminary figures also show that foreign investors went into net buying territory in 2010 at P35.6 billion, higher than last year's P14.9 billion.





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