2021 Best/Worst Philippine Stocks Performance
Share prices on the Philippine Stock Exchange Index (PSEi) ended in the red as investors cashing in on gains boosted selling pressure. The bellwether PSEi plunged -211.93 points or -2.89% to 7,122.63 at the closing bell. The broader All Shares lost -65.26 points or -1.68% to 3,818.12.
Today’s PSEi closed, is one of the worst year-end dived in the history of the Philippine Stocks Exchange (PSE) and the most stock market expert will tell you due to profit-taking. Is it?
Trading volume remains laggard at 620M shares changed hands valued at 5.34B. Decliners led advancers 111 to 73, and 49 issues were unchanged. Most Stock Market Analysts will whisper to you that second-liners continue to see volatility and that investors are not comfortable with current market conditions due to the WUHAN-19 virus pandemic. Whoa! Again and again? Move on people!
PERSONAL OBSERVATION: Looking at the economic indicators, I don’t think the stock market will do any better in 2022 or beyond! I even speculated that the market will start to downward spiral until the effect will be worse than the Wall Street Crash of 1929 in the coming years.
DISCLAIMER: I'm not a Certified Financial Planner. Published herein is my personal opinion and should not be construed as a recommendation, an offer, or a solicitation for the subscription, purchase, or sale of any securities.
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- Will PSEi retest the March 19, 2020 low?
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Friday, 31st day of December 2021, Philippines.