PSE Market Summary:
The Philippine Stocks Market was down for two straight days to close at 5,432.36. Total trades reached 27,053 with 82 stocks advances, 80 declines and 47 stocks unchanged. PSEi is up 62.64 or 1.17% for the week.
ICT Purchases 35% of Pakistan Port Company
International Container Terminal Services, Inc. (PSE:ICT), through its wholly-owned subsidiary, ITSI Mauritius Limited has completed the 35% purchase of Pakistan International Container Terminal Limited. PICT is a publicly listed company in Karachi Stocks Exchange with maximum handling capacity of 750,000 Twenty-Foot Equivalent Container Units. The purhase was priced at 150 PKR per share.
APO Declares Cash Dividend
Anglo Philippine Holdings Corporation (PSE:APO) declared cash dividend as follows:
cash = P.02 per share
ex-date = Oct. 31, 2012
record date = Nov. 7, 2012
payment date = Nov. 23, 2012
MFIN to Write-Off Bad Debts
The Board of Directors of Manila Finance Corporation (PSE:MFIN) approved to write-off bad debts receivables of up to P10 million. The write of will be booked in December 2012.