PSE Market Summary:
The Philippine Stocks Market slid down by 36.66 or .63% to close at 5,757.54. Total trades were down to 23,985 with 67 stocks advances, 96 declines and 49 unchanged.
MWIDE Sells Corporate Notes to Raise Funds for PPP
Citicore-Megawide Consortium, partly owned by listed company Megawide Construction Corp. (PSE:MWIDE) sold 10-year corporate notes to fund a classroom project under the public-private partnership government program. MWIDE hold a 10% stake in the consortium.
CEB Sustains Market Share
Cebu Pacific Air (PSE:CEB) gins 48% market share in domestic cargo for the first nine months of 2012 according to the data released by CIvil Aeronautics Board. CEB carried 70.4 million kgs in cargo, besting the combined loads (62 million) of Philippine Airlines and Airphil Express.