PSE Market Summary:
The Philippine Stocks Market is up for the 2nd straight trade to close at P5,449.55. Total trades were slightly higher to 23,020 with 61 stocks advances, 90 declines and 45 stocks remaining unchanged.
PX Completes First Stage of Padcal Rehab
Philex Mining Corporation (PSE:PX) announced the successful completion of its padcal operation's tailings pond, which consist of: 1. complete plugging of penstock A; 2. complete sealing of tunnel A. The rehabilitation was primarily funded by its biggest shareholder, First Pacific Company, Limited.
COL Revenues Up 19% from Philippine Operations
COL Financial Group, Inc. (PSE:COL) posted record numbers via 19% increase of commission revenues to P300.6 million for the first nine months of 2012. Philippine operations accounted for 91% of consolidated revenues, with its HK unit falling behind by 53% from last year. COL stocks closed P18.6 for the day.