PSE Market Summary:
The Philippine Stocks Market snapped its 4-day rally to close lower today at 5,331.13.
Starmalls Postpones Selling of Shares
Shopping mall and office building developer Starmalls, Inc. (STR) is postponing its plan to sell shares this year, preferring to grow its portfolio further before returning to the equity market for funding. STR currently owns three malls and plans to expand it up to ten malls.
Production and Shipments of Copper Up for Atlas' Subsidiary
Carmen Copper, Corporation, a wholly owned subsidiary of Atlas Consolidated Mining and Development Corporation (AT) announced its aggregate production was up from 45.94 million lbs to 59.40 million lbs as of August this year. Shipments were also up from 45.67 million to 58.82 million lbs.
RHI Declares Cash Dividend
Roxas Holdings, Inc. issued cash dividend as follows:
cash = P .06 per share
ex-date = Sept. 26, 2012
record date = Oct. 1, 2012
payment date = Oct. 12, 2012