PSEi 7,485.32 -5.56 / -0.0742% Val. 7.869B The Philippine Stock Exchange Index fell 5.56 points, closing the day at 7,485.32. The Dow, S&P, and Nasdaq ended up closing +1.10%, +1.34%, and +1.39%, respectively. Market breadth was negative, with losers outnumbering winners, 85 to 93; meanwhile, 42 stocks were left unchanged. a. According to Manila Bulletin, the SM Group allotted P60 billion in capital expenditures this year as part of its P400 billion five-year roadmap covering the period 2014-2018. Around P15 billion to P18 billion of the P60 billion will be given to SMDC. When asked about SMDC’s planned residential project in China, SMPH Chief Financial Officer Jeffrey Lim said the firm is “already in the planning stage, our guys started to talk to some of the constructors.” The five-year investment road map of SM Prime Holdings, Inc. (P18.78 / +4.92%) is aimed to double its revenues and profits which involves 32 additional SM malls, six of which are in China and 26 are in the Philippines, as well as develop 20 more residential projects, four office buildings, five hotels, and 4 leisure developments. b. Energy Development Corporation (P8.63 / -3.68%), Metro Pacific Investments Corporation (P5.00 / -2.91%), Megaworld Corporation (P5.28 / -2.04%), led the index losers today.
Posted on: Mon, 19 Jan 2015 07:36:02 +0000
Trending Topics
Recently Viewed Topics
© 2015