Philippine Stock Exchange Website

Enter the world of stock investing via COL financial (citisec)

In order to start or trade in Philippine Stock Exchange (PSE), you need to have a broker. You can choose CITISEC or other company that is recognized by PSE to open an account. You can see the steps by visting here.

Here are some of the steps you might encounter:

1. You can try the 7 day free-trial of COL financial Philippines by registering a trial account and no fee shall be involved. You can access all the features of the online platform and test drive a temporary COL trade account. Before anything else your account should be approved by the company.

2. You can contact them via email about their offer. Once they open your email  and read it, they will send a detailed information about your queries.

3. For as low as 5000 pesos you can enter to the world of stock investment. Once you have now the money you can fill up the forms given by the company from the email you got in step 2. You need to send it via snail mail and also include government id and latest proof of billing with your address.

4. You will have to wait to be contacted by the company. Once they approve your application you can now invest money to your account to be activated.

a. You can choose which of the 2 account you want to enroll, the one is Regular Account with a minimum initial funding of 25,000 while the other one is EIP Account with initial funding of 5000.

b. You can choose to pay over the counter via merchant payment on banks ( BDO, BPI , Metrobank). They will also send you an email on how to fill up the payment slip on different banks.

c. You will send you payment receipt as a proof of payment . Once it is funded they will send you the account number and password.

5. Now you are ready and experience the world of stock investing. Good luck

Stay up with more information regarding stock exchange. Thank you and you can post your addition queries via comment and i will be patient to answer it lately.

PSE eyes $1.4-T Muslim funds with shariah-compliant stocks

MANILA, Philippines - The Philippine Stock Exchange (PSE) is hoping to tap into a potential market of more than 1.5 billion Muslims worldwide with an estimated $1.4 trillion in investible funds by offering shariah-compliant stocks, the bourse’s top executive told The STAR.

Shariah-compliant equities follow the Islamic law which does not allow investors to put money into firms that benefit from interest or the sale of goods such as alcohol, tobacco or firearms. They also steer clear of companies with large amounts of debt on their balance sheets and those whose business is related to gambling, meat and conventional financial services such as banking and insurance.

PSE president Hans Sicat said the exchange is holding preliminary discussions with the National Commission on Muslim Filipinos (NCMF), the Asian Development Bank and financial experts from Indonesia on how the Philippines can take advantage of the growing market for Islamic finance.

“We’re in early days of our shariah-compliant project. We’re working with [NCMF] Secretary Mehol Sadain and experts from Indonesia, and the ADB. The idea is to identify and have shariah compliance certified according to standards to bring a different asset class. This should help bring in ethically focused investors, including Muslim Filipinos who currently invest in shariah-compliant Indonesian and Malaysian equities,” Sicat told The STAR.

The PSE is looking to come up with a list of shariah-compliant stocks in an attempt to open stock trading to more Muslims.

Although Sicat did not give any time frame, he said such a plan would broaden investor base by tapping a relatively new, but already developed market.

Shariah-compliant investments have been growing in popularity due to the Middle East’s vast pool of wealth fueled by rising oil prices.

Reports indicate that the worldwide Islamic finance market could reach $4 trillion by 2020 while the Muslim population is seen to increase 35 percent in the next 20 years.

Shariah-compliant investment avenues are now becoming available in other countries aside from India, which has the largest number of listed shariah-compliant stocks in the world. The Dow Jones has an Islamic Index. Among the countries with the largest shariah-compliant banking assets are Iran, Saudi Arabia and Malaysia.

The total value of shariah-compliant assets has grown 150 percent since 2006. Globally, banks hold over 90 percent of Islamic assets.

The Gulf Cooperation Council, which comprises six member states (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE) collectively hold shariah-compliant financial assets of over $250 billion.

The PSE is banking on initial public offerings/new share issuances as well as new product offerings which include exchange-traded funds and real estate investment trusts, to bolster trade volumes. The Philippines’ more than $200 billion stock market is Asia’s 12th largest.

http://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=851741

PSEi seen staying above 5,200 this week

Local stocks may stay above the 5,200 this week as investors take their cue from the US Federal Reserve’s prospective new round of quantitative easing via bond buyback.

The main-share Philippine Stock Exchange index was in the doldrums for most of last week until the European Central Bank’s announcement of a bond-buying program boosted regional markets on Friday. The index closed marginally higher (+0.1 percent) to 5,201.32 week on week.

For this week, 2TradeAsia.com analyst Freya May Natividad said there might be a good wave ahead of the Federal Open Market Committee (FOMC) meeting. “Markets are resounding the possibility for the US FOMC to extend its monetary stimulus support, in step with eurozone leaders’ move to support their bond repurchase program. Part of the expectation scale stems from the Fed’s possible consideration of another quantitative easing (or QE3) after effecting the first two rounds ($1.25-trillion notes buy-back in 2008-2010 and $600 billion in 2010-2011). If this is validated, markets will check on the amount of bond purchase plan as well as the timeline by which this will be implemented,” Natividad said.

A longer timeframe for the Fed’s bond buyback program under a prospective QE3, Natividad said, would support a similar run-up in equities.

“This view might be shared at home, when local monetary authorities gather anew on September 13, in response to the Fed’s action. An earlier-than-expected rate cut might dominate headlines, providing pluses on earnings upside. Reduced debt servicing would bode well on return on equity, and boost price target estimates,” she said.

Having touched 5,200, Natividad said the PSEi might retest 5,300-5,330 this week, driven mainly by monetary stimulus support from the United States and at home. “Large caps that lagged lately might lead the ascent, specifically for interest rate-sensitive sectors (such as property, banking, infrastructure).”

AB Capital Securities said that for the last week of the superstitious Chinese “ghost month,” it was expecting volume to gradually expand while investors would still be on the lookout for leads abroad, particularly from the FOMC.—Doris C. Dumlao

http://business.inquirer.net/81208/psei-seen-staying-above-5200-this-week