Back in 2009, we listed down Philippine stock brokers offering then an online trading platform. Times have changed and, four years later, more brokers have started offering online trading, with some attempting to differentiate their service.
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.
If you placed money in the Philippine stock market from the beginning of January this year, you would have already lost 9% by now.
That translates to a million pesos worth only P910,000 as of January 31.
This is based on the performance of the Philippine Stock Exchange index (PSEi), a basket of 30 listed common stocks representing the overall movement of market prices and the general state of the Philippine economy.
Metro Pacific Corporation (Stock Code: MPI) announced that its stock warrants acquired through tender offer or purchased in the open market can now be exercised and converted to MPI common shares.
The stock warrants, issued on October 23, 2006, can be converted to MPI common stock at a price of P1.00 per share until December 14.
With MPI’s stock closing at P4.35 on December 12, if you converted those warrants, you are are technically earning P3.35 per share or 335% from the conversion price. That, however, is still gross of associated fees, taxes, and the warrant acquisition cost.