The Philippine stock market had a heck of a ride in 2013. The year started with a record high 5,860.99 points (2 January), following 2012’s ender at 5,812.73 (28 December 2012).
What followed were historic high upon historic high finishes for the Philippine Stock Exchange index (PSEi). Things get even more interesting as the country landed its first-ever investment grade rating from Fitch Ratings (March 2013). Standard and Poor’s gave its investment rating upgrade for the country early in May, boosting the PSEi to its 28th high finish so far for the year.
Also in May, buoyed by strong 1Q results and optimism on the country’s outlook after the election, the PSEi reached a high of 7,392.2, but not before touching a new intraday peak of 7,403.65.
The country achieved its third highlight for the year when Moody’s Investors Service raised the Philippines government debt rating one level to Baa3 (October 2013).
However, the stock market – and such is its nature – fluctuates. So despite all the ups mentioned above, the PSEi had its moments – plenty of them, in fact – in the red. It started late in May, when Chairman Ben Bernanke of the US Federal Reserve announced the possible tapering of the quantitative easing program, which is aimed at stimulating the United States market and economy. The bleeding happened in June – you can read about it here, here, here, here, here, and then here. Finally, the PSEi plunged to 5,971.05, losing close to 20% of its value barely a month from hitting a market high of 7,392.
From then on, the PSEi never came close to beating that level. The index came close to reaching 7,000 in July, but August saw the index dropping below 6,000. The next month, the PSEi just lingered between 6,000 and less than 6,500. However, the third investment rating upgrade in October as well as positive sentiment in the US market buoyed PSEi past the 6,600 level once again. November saw PSE back in the low 6,000 levels. Finally, PH stocks barely managed to keep its foothold in the 6,000 level in December, before dropping to the mid-5,000 level, and finishing the year at 5,889.83 – up by a modest 1.33% from last year.
Despite this roller-coaster ride, however, it was still a good year for the Philippine stock market. Growth, no matter how little, is still growth. In fact, 2013 marked the fifth straight year of growth for PH stocks.
Now, as part of PHStocks Exclusive rankings, below are the top 50 stock performers for 2013:
1. Bankard Inc. (PSE: BKD): PhP1.95, 178.57%
2. 8990 Holdings Inc. (PSE: HOUSE): PhP6.99, 109.28%
3. Pancake House Inc. (PSE: PCKH): PhP15.00, 92.8%
4. Araneta Properties Inc. (PSE: ARA): PhP1.46, 80.25%
5. Jollibee Foods Corp. (PSE: JFC): PhP173.10, 69.7%
6. Suntrust Home Developers Inc. (PSE: SUN): PhP0.89, 64.8%
7. LMG Chemicals Corp. (PSE: LMG): PhP3.01, 64.48%
8. Marcventures Holdings Inc. (PSE: MARC): PhP2.95, 59.46%
9. Alliance Global Group Inc. (PSE: AGI): PhP25.80, 53.9%
10. Globe Telecom Inc. (PSE: GLO): PhP1,640.00, 50.18%
11. Calapan Ventures Inc. (PSE: H2O): PhP6.52, 48.5%
12. MacroAsia Corp. (PSE: MAC): PhP3.95, 46.84%
13. Cebu Holdings Inc. (PSE: CHI): PhP5.73, 43.25%
14. D&L Industries Inc. (PSE: DNL): PhP6.30, 43.18%
15. Emperador Inc. (PSE: EMP): PhP10.70, 42.48%
16. Philippine Savings Bank (PSE: PSB): PhP140.00, 40%
17. International Container Terminal Services Inc. (PSE: ICT): PhP102.00, 37.8%
18. Victorias Milling Co. Inc. (PSE: VMC): PhP1.90, 36.69%
19. Sun Life Financial Inc. (PSE: SLF): PhP1,360.00, 36.68%
20. Universal Robina Corp. (PSE: URC): PhP113.10, 34.88%
21. Petron Corp. (PSE: PCOR): PhP13.96, 33.46%
22. ATN Holdings Inc. “B” (PSE: ATNB): PhP1.26, 29.9%
23. A. Soriano Corp. (PSE: ANS): PhP6.69, 29.4%
24. Ginebra San Miguel Inc. (PSE: GSMI): PhP23.00, 29.2%
25. ATN Holdings Inc. “A” (PSE: ATN): PhP1.27, 28.28%
26. Philippine Trust Co. (PSE: PTC): PhP82.00, 26.15%
27. GT Capital Holdings Inc. (PSE: GTCAP): PhP772.00, 24.5%
28. Semirara Mining Corp. (PSE: SCC): PhP288.00, 23.39%
29. Vivant Corp. (PSE: VVT): PhP11.04, 22.53%
30. PAL Holdings Inc. (PSE: PAL): PhP5.98, 22.04%
31. DFNN Inc. (PSE: DFNN): PhP5.50, 21.68%
32. Trans-Asia Oil and Energy Development Corp. (PSE: TA): PhP1.40, 20.69%
33. Alphaland Corp. (PSE: ALPHA): PhP23.00, 17.95%
34. Megaworld Corp. (PSE: MEG): PhP3.24, 16.97%
35. Prime Media Holdings Inc. (PSE: PRIM): PhP1.49, 16.4%
36. LT Group Inc. (PSE: LTG): PhP15.44, 15.4%
37. Puregold Price Club Inc. (PSE: PGOLD): PhP37.90, 14.8%
38. Asian Terminals Inc. (PSE: ATI): PhP11.00, 13.99%
39. Crown Equities Inc. (PSE: CEI): PhP0.078, 13.04%
40. Melco Crown (Philippines) Resorts Corp. (PSE: MCP): PhP13.68, 12.87%
41. Union Bank of the Philippines (PSE: UBP): PhP126.00, 11.8%
42. RFM Corp. (PSE: RFM): PhP5.55, 11%
43. Holcim Philippines Inc. (PSE: HLCM): PhP15.50, 10.7%
44. Pacific Online Systems Corp. (PSE: LOTO): PhP15.48, 9.9%
45. Splash Corp. (PSE: SPH): PhP1.85, 8.8%
46. Arthaland Corp. (PSE: ALCO): PhP0.193, 8.4%
47. Boulevard Holdings Inc. (PSE: BHI): PhP0.143, 8.3%
48. China Banking Corp. (PSE: CHIB): PhP59.00, 8.06%
49. F & J Prince Holdings Corp. (PSE: FJP): PhP3.20, 7.02%
50. Vista Land & Lifescapes Inc. (PSE: VLL): PhP5.20, 6.99%