Minimum shares
Board lot is the “minimum bundle” of shares you can normally buy.
Some items are bought per piece, others by pack. In the PSE, many stocks trade by board lot: the stock price range decides the minimum number of shares and the price movement.
| Stock price range | Usual lot size | Plain meaning |
|---|---|---|
| ₱0.50 to ₱4.99 | 1,000 shares | Lower-priced stocks often require bigger share bundles. |
| ₱5.00 to ₱19.98 | 100 shares | You buy in hundreds, not random small pieces. |
| ₱50.00 to ₱499.80 | 10 shares | Higher-priced stocks usually need fewer shares per lot. |
| ₱1,000 and up | 5 shares | Expensive shares have smaller lot size. |
What is tick size?
Tick size is the smallest price movement allowed. Example: if tick is ₱0.05, the next price steps move by five centavos.
Why this matters
Your starting cash depends on stock price × required lot size plus fees. Always compute before placing the order.
Quick example
If a stock is ₱10 and the lot size is 100 shares, one regular lot is about ₱1,000 before fees. If you buy 1,000 shares, compute around ₱10,000 plus charges.