A lot of newbie stock traders were surprised yesterday, March 16, when one stock breached the 50% price ceiling rule and even closed with a one-day gain of 940%.
Pryce Corporation (PPC) yesterday closed at P2.60 — a 940% price increase from its last traded price of P0.25 per share.
How did it happen?
Philippine stocks have been reaching new milestones, with the Philippine Stock Exchange index (PSEi) hitting all-time high records week after week since the start of the year. You’ve been itching to start investing in stocks but are still at a loss about specific stocks to buy.
What do you do?
The first month of 2015 is over and it ended positively for stock investors who saw a surprisingly upbeat performance of the Philippine Stock Exchange.
In January 2015, the Philippine Stock Exchange index (PSEi) closed higher by 6.4%, a refreshing news given bleak outlook and fears of recession in other parts of the world.
If you checked out our post about the Biggest PSE Stock Gainers in 2014, you’ll notice that majority of the best performers are so-called Speculative or Third-Liner stocks.
Last year’s top gainer, for instance, was Premium Leisure Corp. (PLC) which ended the year with a whopping 675% price increase. That’s not just doubling your money — that’s actually turning a P10,000 investment into P77,500!
(PLC is a casino license holder in the booming Entertainment City in Pasay that houses various casinos. Backed by the SM Group of Companies, PLC is one of the companies behind the newly-launched City of Dreams Manila integrated resort and casino.)
Did you make money or lose money in stocks last year?
If you invested in the likes of Premium Leisure Corp. (PLC), Island Information & Technology Inc. (IS), Max’s Group (MAXS) and Double Dragon Properties (DD), most likely you made huge amounts of money from these stocks last year.
If, however, you were stuck in stocks associated with Antonio Tiu, the Greenergy Holdings (GREEN) and Agri-Nurture Inc. (ANI) businessman who found himself in the middle of the Binay corruption investigations, then it’s possible that you are losing money.
You’ve already checked out the Top 10 Gainers and Losers among the 240+ stocks traded in the Philippine Stock Exchange?
You already know which ones among the 30 companies in the PSE index (PSEi) were the best and worst performers?
Despite the many natural calamities and corruption scandals that plagued the Philippines last year, here’s one reason to celebrate the year 2014.
Based on global stock market data from Trading Economics, the Philippine Stock Exchange (PSE) is one of the world’s 10 Best Performing Stock Markets last year.
The PSE grew in value by 22.76% in 2014, which means an investor who placed P100,000 from the start of January 2014 now has P122,760 at the end of December last year.
If you want to be more knowledgable about the Philippine stock market and ultimately become a smart and successful investor, check out various special reports published by PinoyInvestor, a stock subscription service that delivers analysis and recommendations of eight (8) stock brokerage companies in the Philippines.
Take a look at these highly informative broker reports and recommendations which cannot be found anywhere else.
