Money

The Biggest Gainers (And Losers) in the Stock Market in 2018

These are the stocks that profited the most--and least--in terms of prices this year.
Comments

The year 2018 had been pretty tough for the Philippine stock market.

After hitting a high of 9,078.37 in January, the Philippine Stock Exchange Composite Index (PSEi) had been continuously falling and reached a low of 6,790.58 in October. It has since recovered--closing at 7,466.02 on the last trading day of the year--but it still has a long way to go to again achieve the levels it had at the start of the year.

The dismal performance of the local stock barometer may explain why none of the stocks included in the PSEi, which is the benchmark for local share prices, made it to the top 10 list of the biggest gainers in terms of stock prices this year.

 

ADVERTISEMENT - CONTINUE READING BELOW

Greenergy Holdings Incorporated (GREEN), a firm with business engagements in renewable energy, saw the highest surge in stock prices at 445.9 percent. This is followed by ISM Communications Corporation (ISM) at 266.1 percentage change in stock prices. 

ISM made headlines as early as August this year when Davao-based businessman and emerging tycoon Dennis Uy bought a 45-percent stake in the company. In October, it was revealed that Uy intended to use ISM for the backdoor listing of his holding company Udenna Corporation in the Philippine Stock Exchange.

Meanwhile, stock prices of Manny Villar’s Golden Bria Holdings Inc. (HVN; formerly called Golden Haven), rose by 231.6 percent--making it the third biggest gainer in the list. US magazine Forbes even cited this big leap in prices as one of the main reasons why Villar suddenly became the second richest person in the country this year.

But while HVN enjoyed prosperity in 2018, Villar’s other listed firm, Starmalls Inc., struggled a lot. It came fourth in the list of the biggest losers of stock prices in the local stock exchange.

ADVERTISEMENT - CONTINUE READING BELOW

 

Mining company Nickel Asia Corporation is the biggest loser in the stock market this year, with prices falling by 66.8 percent. Easycall Philippines, which expressed intentions to bid for the third telco race this year but failed to do so, comes next with prices falling by 66.5 percent. 

For the full list of the 10 biggest gainers and losers in the stock market this year, see infographics above.

ADVERTISEMENT - CONTINUE READING BELOW
Comments
View More Articles About:
About The Author
Pauline Macaraeg
Esquire Philippines
Pauline is Esquire Philippines’ data journalist. Follow her on Twitter @paulinemacaraeg.
View Other Articles From Pauline
Comments
Latest Feed
 
Share
Twenty years since the game's debut, we're still trying to get that perfect shot.
 
Share
A new survey from Microsoft and IDC shows that sentiments towards AI technology are largely positive.
 
Share
They might not be Filipino, but they believed in the country.
 
Share
First launched in 2015, the Everest holds up well as an all-around mid-sized SUV.
 
Share
 
Share
These science-backed hacks will boost your metabolism quickly.
 
Share
The Adidas Continental 80 is the perfect way to welcome summer.
 
Share
So, you’re a coffee lover huh? Bet you didn’t know these tidbits.
 
Share
These women fade into the background during PBA games, or at least try to. But ladies of such rare beauty really can't. Soon they inevitably become the cynosure of most eyes.
 
Share
If it's extra potent, it could make you five times more likely to develop psychosis.
Load More Articles