Market Summary
The PSEi decreased by 43.21 or .83% to close at 5,178.87. All sectors closed lower, led by Services (1.12%) and Property (1.39).
Another Spill on PX Mine Reported
Philex Mining Corp. (PSE:PX) confirmed reports of another discharge from its padcal mine in Benguet. This is the fourth incident of the leak since it first occurred last Aug. 1, 2012 due to unfavorable whether conditions.
SEACEM Sells 136 million LRI sales
Southeast Asia Cement Holding Inc. has reportedly sold 136 million shared of Lafarge Republic, Inc. at P 8.40 per share. The sale constitutes of 2.3% of LRI's outstanding capital stock.