Daily Archives: October 4, 2011

PSEi Performance – Gainers, Losers, Most Active – 10/04/2011

Posted on October 4, 2011 by research

                    DISCLAIMER: THE MATERIAL CONTAINED IN THIS PUBLICATION IS FOR INFORMATION PURPOSES ONLY. IT IS NOT TO BE REPRODUCED OR COPIED OR MADE AVAILABLE TO OTHERS. UNDER NO CIRCUMSTANCES IS IT … Continue reading →

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Corporate News: San Miguel Corp. (SMC)

Posted on October 4, 2011 by research

San Miguel Corp. (SMC) confirmed reports that it is selling its Limay combined cycle power facility in Bataan to still-unidentified investors due to high input costs. SMC is selling the 620-MW Limay after two years of ownership. It may concentrate … Continue reading →

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Corporate News: Semirara Mining Corp. (SCC)

Posted on October 4, 2011 by research

Semirara Mining Corp. (SCC) confirmed that it is looking to put up a coalbed methane plant with a foreign partner. The proposed coalbed plant will have an initial capacity of seven megawatts and cost US$14m. It has tapped Endesa Carbono … Continue reading →

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Corporate News: Nickel Asia Corp. (NIKL)

Posted on October 4, 2011 by research

Nickel Asia Corp. (NIKL) said that it is suspending its mining operations and nickel ore loading activities at its Taganito Mine Corp. subsidiary in Claver, Surigao del Norte after it was “occupied” by an armed group of men. Pieces of … Continue reading →

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Corporate News: AgriNurture, Inc. (ANI)

Posted on October 4, 2011 by research

AgriNurture, Inc. (ANI) revealed that it has received and accepted an offer from Black River Capital Partners Fund (Food), LP to buy a 28.1% stake in the company. Under the deal, Black River will pay US$30.45m for ANI, subject to … Continue reading →

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Market Summary and Outlook: October 4, 2011

Posted on October 4, 2011 by research

Rising worries over a possible US recession and debt default payments in Europe weighed down heavily on local share prices on Monday. The PSEi main index plunged 133.82 points, or 3.3% lower from Friday, to close at 3,865.83 on the … Continue reading →

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