PinoyStockMarket.com » Philippine Stock Market

Local stocks close higher

admin — Thu, 19 Nov 2009 14:19:45 +0000

The Philippine market closed to its highest level on Thursday after Philex Mining Corp. and Manila Electric Co. (Meralco) returned to the limelight.

The bellwether Philippine Stock Exchange index rose by one percent or 30.69 points to close at 3,083.30 on Thursday, while the all share index rallied by 0.67 percent or 12.91 points to 1, 919.19.

Trading on Philex and Meralco, which accounted for 19 percent of the market’s transaction, pushed the local market to hit a 20- month high.

Trading was within average where some 2.36 billion shares valued at 3.06 billion pesos (65.5 million U.S. dollars) changed hands. Foreign investors remain consistent at the buying side with 142 million pesos (3.040 million U.S. dollars).

All six counters climbed, led by mining and oil shares which again went up by 4.91 percent or 519.40 points to 11,082.63. The issue was again pulled up by Philex which climbed by 8.19 percent to 16.50 pesos (0.35 U.S. dollar).

Market breadth, however, remains negative where 60 issues declined, 55 gained and 60 shares did not move.

Ginebra San Miguel declares cash dividends

admin — Wed, 04 Nov 2009 09:47:09 +0000

Ginebra San Miguel, Inc. has declared a cash dividend of P0.375 per share payable on December 7, 2009 to all stockholders of record as of November 20, 2009.

Ferdinand K. Constantino, Corporate Information Officer, in a letter address to Philippine Stock Exchange Inc. on November 4, 2009, disclosed that the Board at today’s meeting declared the cash dividend for stockholders.

The stock and transfer books of the Corporation will be closed from November 21, 2009 to November 24, 2009.

Philippine shares close lower

admin — Mon, 13 Jul 2009 06:19:09 +0000

Local share prices closed 0.154 percent lower on Monday as weakness in the US market deterred local investors, dealers said.

The composite index fell 3.83 points to 2,483.39 while the all-shares index slipped 0.15 percent to 1,594.65. There were 44 losers as compared to 42 gainers and 57 unchanged.

Mining & Oil continues to soar with 0.494 and a total value of 5,941.77. Services came in second with 0.3713 percent growth and a total value of 5,941.77.

A total of 1.3 billion shares worth P2 billion changed hands.

My take at the Philippine Stock Market

admin — Tue, 24 Feb 2009 15:01:39 +0000

It was just recently that I get so interested with stock market trading. Don’t blame me for this. Our culture and tradition (financially speaking) have been teaching us to save through banks and only a few has been encouraging us to invest in stocks, the most active form of investment, I believe.

In stock trading, an investor (even with a capital investment of P5,000) can buy stocks posted at the Philippine Stock Exchange (www.pse.com.ph) and start the exciting game (yes, I consider it a game) of stock trading.

(I am not an expert on Stock Market but let me share to you what I know though my knowledge is very little, hehehe)

For example, a company is selling stocks at .50 per share. We can buy 1,000 shares for P500 and watch for the movement of the stocks. Let’s say you give your stock one week and watch it move within the week. On Tuesday, your stock remained at .50 per share that means no gain for you. On Thursday, your stock suddenly rose to .80 per share so there’s a gain of .30 or P150. You can then decide to sell 500 of your shares at .80 or a total of P400.

Remember that you bought your stocks at .50 per share and you sold 500 shares for .80. That means you earn P250 for the trading the stocks. (Please remember that this is just base on my little knowledge about stock trading. If you are an expert stock trader, please let me know if this assumption of mine is correct, otherwise, please let me know how it is done. )

Please expect more posts about the Philippine Stock Market here.