How is the Philippine Stock Market doing?

I have been out of the country and was wondering how the Philippine stock market is doing.  The first time I talked to a broker was around seven years ago.  I had just finished college and wanted to try buying stocks.  It was supposedly a booming market.  Daily trades were at a remarkable Php4-ish (or was it 5) mark.  I didn't know anything about it back then.  

So I just had a look at my online account today and found the following information for the most recent trading day:

Total Trade 31,744

Total Value 13,124,067,307.50

Total Volume1,372,853,880

Php13billion! ($98M) That's a huge jump in seven years!  That'll make for a great sales pitch for brokers.  But really, what is the implication of the trade value jumping three times in value in seven years.  Does that mean that if I throw money into the market, I could potentially triple my money?  How I wish it was that simple.  The PSEi (index) was at around 3,000 when I started buying stocks.  It dipped significantly between now and then.  Currently, it's about 6,000.  If I tracked the index, I could have doubled my money. That's a nice simple, common sense way to invest, right?  



Comments

Popular posts from this blog

What's the big deal with call centers in the Philippines

apetitite for stocks still low but bargain hunters are active