First time stock investors might encounter rejections when ordering stocks online. A lot of times the cause if inappropriate number of shares.
The Philippine Stocks Exchange has the following distributions for the minimum number of shares that can be be ordered.
Here’s the board lot of Philippine Stocks Exchange:
|Stock Price Range
(Min # of shares)
The last traded price of #MRC is P0.45, the minimum number of shares that you need to order is 10,000 and in multiples of 10,000 if you order more shares.
You can order 15,000 shares unless you’re ordering an Odd Board Lot.
Normal board lot ordering in this example would be:
and so on…
Next time, I’ll post an Excel calculator on how to commute for your Gain/Loss.