PSE up 37.6% in 2010

It seems like our economy is holding up now. In fact, recent data show that we are among the top gainers in Asia. According to one website:

Philippine stocks rallied again in 2010, with the Philippine Stock Exchange index (PSEi) closing at 4,201.14 during the last trading day on December 30, 2010 — up 37.6% from the closing index in 2009.

This means that a P100,000 stock investment at the start of 2010 is already worth P137,600 by the end of the year.

According to the PSE, the market capitalization of all publicly-listed companies in 2010 totaled P8.87 trillion, an increase of 47.1% from the 2009 market capitalization of P6.03.

Well, it probably is good to buy gold bars now, but investing in the market is probably something that those risk-takers might want to consider, too. Good luck, 2011!