MarketScan
Applying Additional Filter Criteria

Pre-defined scans can also be enhanced by adding additional filter criteria. This exercise will show you how to add filter criteria to pre-existing scans, or you can use such with your own scans.

	From our current window select Main to take us back to our Menu. This time lets select a search based on Price Earnings and Dividend Yield. This search will find ordinary shares with a Price Earnings Ratio of less than twenty-five percent and a Dividend yield of more than 4 percent.
	We run the scan by selecting Run Search and the list is instantly generated. As we pan left to right we can see each equities’ ASX identifier code and name, and also details of each companies PE and Dividend yield performance. Ok so having done this we might want to review and reduce the size of our list and to do this we will need to apply the broader market. On this basis we want to focus our attention on these equities and eliminate stocks that are not in the Banks sub-industry group.
	Our next step is to select Filter and the Filter Criteria screen appears. Next we click on the first drop down menu and select Company Info and then SubIndustry. Our second drop down menu has a range of options which lets us apply value criteria to our screens. In this instance as we are looking to target a particular group so we simply select equals (=). From the third drop down menu we select Banks and our filter criteria is complete. To apply the filter to our current list we select OK.
	Having done this we can see that our working list has been refined to only those stocks in the Banking sub-industry group. We now know the price of each stock and its Price Earnings and Dividend profile. It is as easy as that to narrow down the field of investment stocks from thousands to a handful of stocks you are interested in.