The Philippine Stock Exchange (PSE) was to extend trading hours for two more hours starting June 30, 2009 but due to delays in the implementation of the new trading system and recent volatility in the financial markets, this plan has been shelved to October 2009, or probably even later.
(Tutorial) How do I start trading stocks?
I’m ready to start trading stocks, what do I do?
Are you sure you’re all set? Have you reviewed our stock trading tutorial about the types of stocks and other securities being traded, how profits are made, how much you need to trade stocks, and what types of orders you can make?
If you did and are ready to go, continue reading below.
Free Tour of the Philippine Stock Exchange (PSE)
Just before the Holy Week holiday, we went to the Tektite Tower in Ortigas to have a tour of the Philippine Stock Exchange (PSE).
It surely was exciting to actually visit one of the country’s stock trading floors but, at the same time, disappointing because we did not see a lot of “action.”
(Oct. 15-19 Stocks Update) PSEi lower due to US concerns, rising oil prices
The Philippine stock market lost its early momentum last week and closed 0.12% lower at 3,819.75 following the growing uneasiness over the US economy and rising oil prices.
On Monday, October 15, investors snapped up stocks after returning from a 3-day weekend, with the composite index (PSEi) finishing at 3,861.38, nearly 1% higher from the previous week’s close.
Investor sentiment dampened during the week, however, as oil prices became volatile and concerns over the US economy continued.
Week-to-week and Year-to-Date (YTD, i.e., beginning of the year until this week) performances of the Philippine equity sectors are as follows:
(Legend:) Market Sector : Week’s Closing ; 1-Week Change ; YTD change
- PSEi : 3,819.75 ; -0.12% ; 28.07%
- All Shares Index : 2,388.18 ; -0.21% ; 28.37%
- Financial Sector : 966.81 ; -2.22% ; 17.50%
- Industrial Sector : 4,746.99 ; -0.94% ; 20.47%
- Holding Firms Sector : 2,143.05 ; -2.05% ; 23.78%
- Property Sector : 1,774.01 ; 2.58% ; 38.14%
- Services Sector : 1,879.82 ; 1.03% ; 26.08%
- Mining and Oil Sector : 8,203.46 ; 7.08% ; 81.18%
Here are last week’s top 10 gainers and losers.
Metrobank Philippines – Metropolitan Bank and Trust Company
The Metropolitan Bank and Trust Company (PSE: MBT), commonly known as Metrobank, is the largest bank in the Philippines in terms of assets and is also the largest Philippine bank in terms of overseas presence. (Update: As of 2008, Banco de Oro or BDO has overtaken Metrobank as the largest Filipino bank.)
Metrobank (www.metrobank.com.ph) was established by a group of businessmen on September 5, 1962 at the Wellington Building in Binondo, Manila.