The longer trading hours that the Philippine Stock Exchange proposed before will go on as planned effective January 2, 2012.
In the new schedule, there will be 2 and 1/2 hours of trading in the morning, followed by 1 and 1/2 hours of recess, then another 2 hours of trading in the afternoon. Trading will now end at 3:30 p.m.
The new schedule is as follows.
Many newbie investors in the stock market seem to forget that capital appreciation is not the only way to earn money. As we’ve explained before in an article on How to make money using stocks, another form of income that stockholders receive is the dividend.
Dividends may come in the form of cash or stocks. Cash dividends are, obviously, cash amounts distributed to stockholders on record during a certain date. Stock dividends, on the other hand, are additional shares of the company given to stockholders at no cost.
In the Philippines, several stocks have high dividend yields which further increases the income potential of a stock or compensates for its price decrease.
It’s finally happening. After more than 2 years of planning to extend trading hours, the Philippine Stock Exchange (PSE) will implement starting next week an additional one (1) hour before fully extending trading hours to 3:30 p.m. by January 2012.
The PSE announced that effective Monday, October 3, stock trading in the local bourse will last until 1 p.m. Currently the Philippines is one of the countries in the world with the shortest trading hours — that is, only 2 and 1/2 hours, running from 9:30 a.m. until 12:10 p.m.
The move to have longer time for trading is meant to prepare the local stock market with the planned cross-border trading with other Southeast Asian countries such as Singapore, Thailand, and Malaysia.
Five (5) new companies are to be included in the revised Philippine Stock Exchange index (PSEi) effective September 12.
These five companies are Belle Corporation (BEL), Cebu Air Inc. (CEB), San Miguel Corporation (SMC), Semirara Mining Corporation (SCC) and SM Development Corporation (SMDC).
They will replace ABS-CBN Corporation (ABS), Filinvest Land Inc. (FLI), First Philippine Holdings Corp. (FPH), Lepanto Consolidated Mining Company (LC/LCB) and Security Bank Corporation (SECB) that were previously included in the PSEi as of May 2011.
The updated 30-company PSE index is as follows.
Philippine stocks took a heavy beating yesterday, with the index dropping for the 3rd straight day to close at 4,157.03.
On Tuesday, August 10, the 30-company benchmark index Philippine Stock Exchange index (PSEi) tumbled 4.02% from Monday’s trading, the biggest drop since March 16, 2009 when the index nosedived 4.66% to 1,769.67.
Stocks are already down 9.5% from the peak registered on August 1 this year, and the bourse’s performance is crawling back to negative territory year-to-date with the PSEi dropping 1% from the start of 2011.
The recent Supreme Court ruling ordering the Securities and Exchange Commission (SEC) to look into the extent of foreign ownership in PLDT raises a very important question: Did the telecommunications giant violate the Philippine Constitution with regard to the maximum 40% foreign equity rule?
In layman’s terms, the Supreme Court is basically asking the SEC: is PLDT owned by Filipinos or by foreigners?
Back in 2007, we wrote about the revised criteria of the Philippine Stock Exchange (PSE) with regard to companies that will be included in the Philippine Stock Exchange Index (PSEi) or Philippine Composite Index.
The PSEi, formerly known as the Phisix, is composed of 30 publicly-listed Philippine stocks selected to represent general movement of market prices and is generally regarded as one of the indicators of the general state of the Philippine economy.
In 2009, we reported the Top Performing Stock Markets in the world. In that list, Sri Lanka’s Colombo Stock Exchange led the pack, locking in a 125% overall return in just one year. Yup, 125% — which means if you invested in the Sri Lankan stock market, you would have earned more than double your money within one year.
In 2010, Sri Lanka’s astounding performance continued. It again ranked number 1 in the list of the best performing stocks in the world. It registered a 96.0% full-year return, again almost doubling investments in one year.
If for example, you invested $100,000 in the Colombo Stock Exchange at the start of 2009, this amount is now worth $441,000 at the end of 2010. That’s a lot of money earned in just two years.
