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So, what exactly *is* the PSEi? For those of you new to the game, it's the benchmark index that tracks the performance of the top 30 companies listed on the Philippine Stock Exchange. Think of it as the scoreboard for the Philippine stock market. The year 2022 was a wild ride, with the index experiencing significant volatility. Initially, the PSEi mirrored the global trend of recovering from the COVID-19 pandemic. There was a sense of cautious optimism as economies worldwide began to open up, and businesses started to rebound. However, this early optimism was short-lived, as new challenges emerged, throwing the market into a state of flux. The war in Ukraine, rising inflation rates, and the subsequent interest rate hikes by central banks around the world, including the Bangko Sentral ng Pilipinas (BSP), created a perfect storm of uncertainty. Investors became increasingly risk-averse, leading to fluctuations in the stock market. The market's performance throughout 2022 was heavily influenced by these global economic events, as well as by domestic factors.
