How many board lots a budget buys
Given a budget in pesos, the number of board lots is the budget divided by the cost of one board lot, rounded down. The table does that for ten companies and three budgets, using the 6 November 2026 close.
Cost of one board lot and board lots bought with three budgets
| Code | Cost of one lot | lots for ₱ 10,000 | lots for ₱ 50,000 | lots for ₱ 500,000 |
|---|---|---|---|---|
| BPI | ₱ 989.00 | 10 | 50 | 505 |
| BDO | ₱ 1,250.00 | 8 | 40 | 400 |
| JFC | ₱ 1,490.00 | 6 | 33 | 335 |
| ALI | ₱ 1,522.00 | 6 | 32 | 328 |
| SMPH | ₱ 1,780.00 | 5 | 28 | 280 |
| MER | ₱ 4,460.00 | 2 | 11 | 112 |
| AC | ₱ 5,550.00 | 1 | 9 | 90 |
| SM | ₱ 5,610.00 | 1 | 8 | 89 |
| TEL | ₱ 5,645.00 | 1 | 8 | 88 |
| GLO | ₱ 7,390.00 | 1 | 6 | 67 |
Read: 07.11.2026 04:51
How the table is worked out
The cost of one board lot is the close times the number of shares in it. A budget buys the whole number of board lots you get by dividing the budget by that cost and rounding down; the rest stays in cash. With ₱ 25,000, BPI (₱ 989 per board lot) gives 25 board lots and leaves ₱ 275, while GLO (₱ 7,390) gives 3 and leaves ₱ 2,830.
The most expensive board lot costs 7.5 times the cheapest. Holding one board lot of every company on the page would take ₱ 35,686 at the 6 November 2026 close, before costs.
Ranked by the cost of one board lot
| Code | Close | Cost of one lot | Multiple of the cheapest |
|---|---|---|---|
| BPI | ₱ 98.90 | ₱ 989.00 | 1.0× |
| BDO | ₱ 125.00 | ₱ 1,250.00 | 1.3× |
| JFC | ₱ 149.00 | ₱ 1,490.00 | 1.5× |
| ALI | ₱ 15.22 | ₱ 1,522.00 | 1.5× |
| SMPH | ₱ 17.80 | ₱ 1,780.00 | 1.8× |
| MER | ₱ 446.00 | ₱ 4,460.00 | 4.5× |
| AC | ₱ 555.00 | ₱ 5,550.00 | 5.6× |
| SM | ₱ 561.00 | ₱ 5,610.00 | 5.7× |
| TEL | ₱ 1,129.00 | ₱ 5,645.00 | 5.7× |
| GLO | ₱ 1,478.00 | ₱ 7,390.00 | 7.5× |
Read: 07.11.2026 04:51
A budget is not buying power
The table has no costs in it. A broker's commission, exchange and clearing charges and taxes are added on top of the price, so the real buying power is a little below the table. Some brokers also set a minimum commission per trade; where that applies, several small purchases cost more in total than one larger one. The tariff is the broker's, not this site's.
The price also moves between the close and your order. A budget that fits the 6 November 2026 close exactly can be one board lot short when the order is sent, so leave some room.
Summary
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Questions before a first share
How many board lots can I buy with ₱ 25,000?
It depends on the company: 25 of BPI or 3 of GLO at the 6 November 2026 close. The table above gives all ten.
Why is there money left over?
Because a board lot cannot be bought in part. The remainder is the budget minus the cost of the board lots bought, and it can be almost the cost of one more board lot.
Is the table net of costs?
No. It divides the budget by the cost of one board lot. Commission, charges and taxes come on top, at the broker's and the exchange's rates.
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