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.
This feels like deja vu.
Markets fluctuating wildly due to rumors of another global recession, stock prices freefalling in unprecedented levels, wary investors holding on to paper losses while hoping everything will be all right — this looks like 2007-2008 all over again.
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.
The second initial public offering (IPO) this year — and probably the last for the year — is the IPO of supermarket chain Puregold Price Club Inc.
The final offer price will be determined on September 21, although the company already said each share will not be priced higher than P18.00. Domestic offering will run from September 23 until September 29.
The Puregold shares, with stock code “PGOLD” — will be listed on the exchange and will be available for secondary trading beginning October 5.
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.
Did the Roman Catholic Archbishop of Manila unload more than 1 million shares of Philex Mining Corporation (PX) in April and May 2011 and sold them directly to Chairman and CEO Manny V. Pangilinan (MVP)?
Documents from the Philippine Stock Exchange (PSE) seem to show that they did. A cursory look at the latest list of the Top 100 stockholders of Philex confirms that the Catholic Archbishop of Manila is not anymore a major stockholder of the company and that MVP has replaced the Church’s spot as the top 15th shareholder.
Is the “Ghost Month” to blame for the recent rollercoaster ride in stock markets around the world?
During the first two weeks of August, stock markets worldwide had a freefall, went back up again, slid again, then back up once more. The Dow Jones Industrial Average (DJIA), for example:
And it’s probably just starting.
