Here are some bits of news from Business Nightly for Friday July 29, 2011:

• PSEi up 0.50% at 4,503.63.
• Aboitiz Equity Ventures’ net income drops 9% in H1.
• Nickel Asia H1 profits more than double P1.7B on higher metal prices.
• Isuzu Philippines sales slip 20% due to supply shortage from Japan.
• Top traded stocks by value in the Philippine stock market are BDO (P63.95, up by 0.40%); SCC (P226, down by 1.70%); AGI (P11.56, down by 1.60%); TEL (P2.400, up by0.80%);  and SMC (PP127.50, unchanged).
• Asian markets have fallen nearly two percent (2%) this week.
• In the US, the Republicans fail to pass the bill to break U.S. debt ceiling impasse.
• According to CITI: markets will remain choppy due to a possible U.S. credit rating downgrade.

Philippine Stock Exchange (PSE) Extends Trading Hours by October 2011 & January 2012!

The Philippine Stock Exchange (PSE) will extend trading hours in the stock market starting October 2011 from the usual 9:30AM – 12:10NN (2 hours and 40 minutes) it will then be from 9:00AM – 1:00PM (4 hours). Read the rest of this entry »

I have been really interested in buying shares of stocks in San Miguel Corporation. Last month, I heard about it from a friend that started investing in SMC for a few years already since my friend’s better half works for this company. After that time though, I was still hesitant to invest at SMC since it was quite expensive for me at that time and I don’t have more funds allocated for investment in another company. Plus I still have a lot to learn on how to make money online through the stock market. But now, I am trying to explore investing in this company for a change after trying out the other companies that I have invested before. My funds are mostly still invested in PSE. Read the rest of this entry »