I just noticed this lately when my stock investor friend made a Facebook update that FMS (First Metro Sec) is now accepting odd lot orders.Â
What are odd lot Orders?Â
This type of order is for your shares that don’t complete a whole board lot. These shares may be the result of a property dividend or stock dividend that is why you end up with some stocks not completing a board lot. Such shares will be left out thus an odd lot order will help you in selling such shares.
In order to sell your excess stocks in an odd lot you have to place such during the trading hours. For now odd lot orders cannot be placed in off-hours.
Got ideas on how to better trade in the Philippine Stock Market? Share your thoughts in the comment box below.
About the blogger
Louis Delos Angeles is a Certified Public Accountant, blogger behind Investing in Philippines, and author of Investing in Stocks: Preparing for the future small amount at a time. Learn more about Louis and his financial freedom advocacy here.
natuwa ako nang nagkaroon sila ng ganitong klaseng order. i think it was last jan. 2012.nakabili rin ng TEL, pa isa-isa o dalawa para dumami
Wow that is a good strategy pounds88. Yup maganda sya because it allows you to either buy or sell ng “tingi”. Let’s make well use of it to our advantage.
The philippines is really one of the best for investment, get the best Stock Tips from experts to earn maximum profit from stock market.
Thanks MCX tips! How is the trading in India? Been hearing about Sensex through CNBC during Worldwide Exchange and it has been a long time already, hope is going well too there.
Terrific post for electrifying ideas. It is refreshing to see such a innovative collection all in one place.