Stock news you need to know 26-APR-2010

Bulls did not run today as profit taking action showed up this morning. Good thing market did not breach the 4300 support closed @ 4305 down 25pts. Only 5 index were up. BPI, JFC, EDC, MER, MWC.

Looking at MER’s chart, it is poised for a rebound. Closed today @ P252.40.. as always.. caveat..

SM Development CorporationPress Release: “SMDC’s First Quarter 2011 Net Income Surges 45% to Php916 Million”; declaration of cash dividends below:

SM DEVELOPMENT CORPORATION (SMDC)
Dividends
TYPE VALUE EX-DIV
DATE
RECORD
DATE
DATE
PAYABLE
DISCLOSURE NO.
STOCK 15.01% TBA TBA TBA 1649-2011
CASH P0.05 per share (special) 23-May-2011 26-May-2011 21-Jun-2011 3089-2011
CASH P0.05 per share (regular) 23-May-2011 26-May-2011 21-Jun-2011 3089-2011
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