Board lot

Board lot — the minimum bundle of shares a PSE stock trades in, set by price bracket: a ₱1.50 stock trades in lots of 1,000, a ₱280 stock in lots of 10, a ₱3,000 stock in lots of 5. The order ticket shows each stock’s lot size. Smaller quantities trade separately in the thin “odd lot” market. Practical upshot: most blue chips have minimum tickets of a few hundred to a few thousand pesos.

First used in: 1.7 · PSE mechanics: first shares, first REIT