Mining Industry - The Catalyst of the Philippine Stock Market Growth

The recent plan of the Philippine government to create a new Executive Order or reenact the old laws on mining keeps investors on the sidelines as the president is still undecisive to sign it at present. There maybe some concerns that matters most when the said laws will favor or not with the investors. It was found out that billions of pesos was invested by the Philippine Social Security System and the Roman Catholic Church to the mining industry. What happens if these this new order is against he mining sector? The government investments will also be affected.

Here's some caption of the news recently published by the Philippine Daily Inquirer about the Philippine Stock Exchange's backing up the mining sector.

PSE backs ‘responsible mining’ framework

http://www.business.inquirer.net/48913/pse-backs-'responsible-mining'-framework

"The stock market’s advance, as an indicator of economic growth, has been supported by the mining sector. The growth of the mining and oil index by 69 percent in 2011 helped push the Philippine stock market to become the best-performing in Asia despite the uncertainties in the global environment. 

The PSE reported that in the last five years, the mining and oil sub-index registered an annual growth rate of 39 percent, much higher than the 15-percent annual expansion registered by the next best performing sector, the holding firms sector. On the other hand, the overall market grew an average 8 percent over the same period. 

This growth of the mining sector was even more pronounced in the past three years as the sector posted a compounded annual growth rate of 94 percent since 2008 when markets globally suffered significant declines, the PSE said. 

The PSE report added that the mining sector had created wealth amounting to P378 billion in the last three years, representing the 951-percent increase in the sector’s market capitalization since 2008. Meanwhile, the contribution of trades in mining stocks to total market turnover has jumped from 5.5 percent in 2008 to 14 percent in 2011.

Meanwhile, the PSE also noted that its mineral reporting requirements for listed mining firms would allow stakeholders to have access to information on the practices of listed mining firms with respect to “sustainable” and “responsible” mining.

The most valuable mining firms listed on the PSE and their respective market capitalization levels were: Philex Mining (P106 billion); Semirara Mining (P81.58 billion); Lepanto Consolidated Mining (P67.6 billion); Atlas Consolidated Mining and Development Corp. (P32 billion); Nickel Asia (P30.3 billion); Philodrill Corp. (P10.4 billion); Manila Mining (P16.3 billion); NiHao Mineral Resources (P9.5 billion); and Oriental Peninsula Resources Group (P8.9 billion). Philex and Semirara are part of the main-share PSE index, which recently breached the historic 5,000 mark."

Stock Market Investment In The Philippines

Simple guidelines on personal finance, business and investing for Filipinos

           
    I became a stock market investor for almost a year now and was very glad upon starting this kind of passive investment opportunity. So join me into my journey in the ONLINE STOCK MARKET INVESTING and into the financial world as I have to share with you my experiences I have learned out of doing it.  Why passive? It is because this work can be done without you monitoring it everyday in front of a computer.  You just have to leave it and wait for the time when your investment reaches to millions.

Before attempting to join this kind of financial stratagem, I was learning and studying via personal research and club memberships on how to really prosper on the field of stock market. More than two years of having some trial accounts on online trading and/or paper investment. So good so far, the outcome is unbelievable which surpasses my expectations. Until I finally reach a personal ultimatum to try it in the real world. I did not mean that when  you join,  you have to study yourself such a long time. You can just research with the right system of investing, and there you go!

Today online stock market investing is so popular because

* it can be easily done at home via a computer with internet connection; and

* it doesn’t incur bigger expenses not like the traditional way of stock market investing.

ONLINE STOCKBROKERS

                The best website for an online trading in the Philippines is Citisec Online bitterly known as COL. It is registered with the Philippine Stock Exchange (PSE). It has the highest members of online stock investors than any other competitors.

                For me I have chosen BPI Trade in opening my personal stock market brokerage account. This online partner is a member of the Bank of the Philippines Island group of companies. It was managed by BPI Securities Corporation and the accounts of member-investors were handled by BPI Direct Savings Bank. Unlike Citisec Online which office, brokerage account registration at BPI could be easily done in any city in the Philippines whereby you can find a BPI Bank branch there.  There’s no hassle to personally present yourself at the main office of BPI Securities. Tellers at BPI branches will assist you in submitting the needed documents in registering your online brokerage account.

                There are other online brokers there but these two are the best.

Online Brokers Requirement in opening a broker’s account

1.  CitiSecurities Incorporated                                     

     Minimum capital required upon opening an account: P5,000.00
     Documents Required (any 2 of the ff id's): drivers license, passport, sss/gsis, voters, prc
              

2.  BPI Securities Corporation                 

     Capital requirement upon joining: P500.00
     Documents needed: any 2 of the following = drivers license, passport, postal id, SSS ID

Other financial institutions in the Philippines which has an online brokerage team are: (1)             RCBC Securities; (2)First Metro Securities Brokerage; and (3) Diversified Securities, Inc.

3 EASY steps in starting an online

stock investment in the Philippines:

First,

Open an Online Brokers Account

Second,

Fund your account with the minimum

starting investment required by your broker

 &

Third:

Start picking/buying your first shares stocks by

opening your new online trading account.

Try to follow my blog in my future posts because I will be covering more topics on investment such as mutual funds in the Philippines, Real Estate Investing, Forex Trading, Personal Finance and other related issuesd that will enrich your financial well being.