Impulse trade

 

When i learned that MONDE (Monde Nissin Corp) will be part of the PSEI - the top 30 listed companies, I looked at recent changes in PSEI composition. The best example is CNVRG (Converge) . it was around Php23 per share before the announcement and went as high as Php45 after being added.

Sold my (FB) San Miguel Food and Beverage shares and bought MONDE on impulse.  I must admit that there was no Technical or Fundamental analysis on making this decision. 

i have read long ago that Funds that track the PSEI need to own stocks of the PSEI. This is the first time i traded because of this info and it wont be the last.