PSE Market Summary:
The Philippine Stocks Market was up for the second straight trade. PSEi increased by 44.38 points or .82% for the week. Total trades reached 26,090 with 79 stocks advances, 79 declines and 56 stocks unchanged.
GLO Core Net Income Up 7%
Globe Telecom, Inc. (PSE:GLO) reported core net income of P8.8 billion in the first nine months of 2012, up 7% from P8.2 billion the previous year. The improvement was mainly due to gains in mobile and fixed line broadband segments. GLO shares declined by P2 to P1,143.
MFC Report $227M Loss, Issues Dividend
Manulife Financial (PSE:MFC) absorbed a $1 billion charge related to actual review of actuarial assumptions. This resulted to a net loss of $227 million for the third quarter. MFC shares closed higher by 2% at P460. Dividend declaration was also made with below details:
cash = C$.13 per common share
ex-date = Nov. 15, 2012
record date = Nov. 20, 2012
payment date = On or after Dec 19, 2012
SLF Net Income Reach $383 million
Sun Life Financial (PSE:SLF) reported its net income to reach $383 million for 3Q2012 from a reported loss of $621 million. The positive growth was mainly due to increased premium and deposits. SLF shares closed at P955.
ex-date = Nov. 23, 2012
record date = Nov. 28, 2012
payment date = Dec 31, 2012
MWC Core Net Income Increase by 26%
Manila Water Corporation announced its core net income is up by 26%. MWC shares closed at P29.55, unchanged from previous trade.