Investing in Philippines: PSE website: Board Lot Table Part 5

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Saturday, June 12, 2010

PSE website: Board Lot Table Part 5


We're back again at investing in Philippine Stock Exchange. It is worth knowing what this table is. Below is a screen shot of the table I got from PSE's website:


This table is a guide on how much one can buy depending on the stock price thus it follows also how much money one needs to buy stocks. 

Let say you want to invest in Bank of the Philippine Islands with the stock symbol BPI which is currently at Php 43.00 so based on the board lot the minimum number of shares you can buy is 100 shares and thus you need Php 4,300.00 to buy BPI shares.

How about PLDT with the stock symbol TEL which is currently at Php 2,380.00? Minimum shares you can buy is 10 thus you need Php 23,800.00 to buy 10 shares of TEL.

Or how about United Paragon Mining with the stock symbol UPM which is at Php 0.01 per share. The minimum share is 1,000,000 thus you need Php 10,000.00. Also if you notice the second column says minimum fluctuations. This is a guide for the stock trading prices either you are buying or selling.



To learn more go to  http://bit.ly/EXPERT-STOCK-SCREENER





When you are buying you are said to be bidding. And in the stock quote the number of fluctuations allowed is three starting from the last trade. So for example BPI's minimum fluctuation is Php 0.50 thus the possible bid prices you can bid is 43.00, 42.50, and 42. On the other hand if you are selling you are asking. The asking price starts from the next increment as per the boards fluctuation. So for BPI the ask price are 43.50, 44.00, and 44.50.



7 comments:

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Louis said...

Thanks! Please share your ideas as well

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Anonymous said...

do you have a post about comparison of online brokers citiseconline and bpitrade ?

Louis said...

As of today I have an account with Citiseconline and First Metro Securities thus I really cant make a good comparison between COL and BPITrade. Will try to ask around some friends who use BPItrade. The only word I get is that it is nice to put your long term stock holdings in BPITrade

JECAR JOHN ESLING said...

THANK YOU. WHO WILL DETERMINE THEN MY MAXIMUM ORDER. I MADE ORDER AT MY BPITRADE ACCOUNT. IT ALLOWS 100 BOARDLOT SO I ENTERED IT AS SUCH. I CAN BUY AS MUCH AS 13,000 SHARES. HOW CAN I DO IT? IS THE BOARD LOT JUST A LIMIT? WHEN I TRIED TO ENTER 13,040., IT REJECTED MY ORDER BECAUSE BOARDLOT IS ONLY 100.

Louis Delos Angeles said...

Hi there Jecar!

Board lot means that you have to buy/sell your stocks in that multiple or block so in your example the stock has a board lot of 100 thus you have to purchase blocks of stocks by the 100 as well. You need to buy 13,100 to be able to place your buy order.

Now if you really have to buy that number of shares, which is 13, 040, then I suggest you place 13,000 shares in DAY order to fulfill the required board lot and buy the remaining 40 shares using an ODD LOT order to complete 13,040 shares.

hope this helps my friend.

Chitika