PHStocks

Philippine Savings Bank (PSE: PSB) The Board of Directors has declared a 7.5% regular cash dividend for the first quarter of 2013 amounting to PhP180.19 million, equivalent to PhP0.75 per share to all stockholders as of a record date to be fixed by the company upon approval by the Bangko Sentral ng Pilipinas (BSP). Philippine Long Distance Telephone Co. (PLDT, PSE: TEL) The Board of Directors has declared the following cash…

Pasay City—(PHStocks)—SM Development Corporation (SMDC) reported that for the first quarter of 2013, consolidated net income amounted to Php1.4 billion, up 12.0% year-on-year due to an improved gross profit margin and increased economies of scale. Net margin improved to 23% from 22% during the same period last year. EBITDA stood at Php1.7 billion, for an EBITDA margin of 28%. Return on equity stood at 13.2% from 13.0% last year. Meanwhile,…

Manila—(PHStocks)—Philippine stocks continued their upward momentum for the third session, riding on positive news in other parts of the world. The Philippine Stock Exchange (PSE) index gained a further 1.21% or 78.88 points to close at 6,597.59 today, 25 March, amid news of the European Union approving a bailout deal with Cyprus. Only the Mining and Oil index suffered a slight decline of 0.44%, following its 1.01% gain during the…

Manila—(PHStocks)—Building up on its momentum from yesterday’s upturn, the Philippine Stock Exchange (PSE) index gained 0.71% or 45.73 points to close at 6,518.71 today, 22 March. Except for the Industrials, which lost 0.12%, all remaining counters remain in the green. Biggest gainer is the Financials index, which grew by 1.38%, followed by the Mining & Oil sector, which gained 1.01%. Value turnover reached PhP9.32 billion on 769.5 million traded shares….

Manila—(PHStocks)—After eight straight days of declines, Philippine stocks have started to pick up as investors take advantage of bargain buys. The Philippine Stock Exchange (PSEi) index went up by 0.83% or 53.36 points to close today’s trading at 6,472.98. All counters have recovered, led by the Services index, which gained 2.31%. The Mining and Oil sector extended its gains, increasing by 1.93% or 402.05 points, while the Industrial sector gained…