PSE Market Summary:
The Philippine Stocks Market was down for three days, sliding by 80.84 to close at 5,707.11. THE PSE index is down 87.09 or 1.50% from the previous week. Total trades reached 23,586 with 71 stocks advances, 106 declines and 34 stocks unchanged.
TOL, SMIC to Bid in Expressway Project
Metro Pacific Tollways Corporation (PSE:TOL) and SM Investments Corp (PSE:SM) will jointly bid for the P15 billion NAIA expressway project. The companies disclosed that they already passed the pre-qualification for bidding.
AC Declares Cash Dividend
Ayala Corporation (PSE:AC) declared cash dividend as follows:
common shares:
cash = P2 per share
ex-date = Jan. 3, 2013
record date = Jan. 8, 2013
payment date = Feb. 1, 2013
preferred "A" shares (first quarter 2013):
ex-date = Jan. 3, 2013
record date = Jan. 8, 2013
payment date = Feb. 1, 2013