PSE Market Summary:
The Philippine Stocks Market was up for the second day, gaining 115.80 or 2.05% to close at 5,752.39. Total trades were down to 19,758 with 110 stocks advances, 46 declines and 59 stocks unchanged.
FEU Declares Cash Dividend
Far Eastern University (PSE:FEU) declared cash dividend as follows:
cash = P12 per share
ex-date = Jan. 3, 2013
record date = Jan 8. 2013
payment date = Jan. 23, 2013
TEL to Sell 80% of a Subsidiary
Philippine Long Distance Telephone Co. (PSE:TEL) is finalizing a deal to sell 80% of its BPO subsidiary, SPI Global Holdings. The transaction is expected to be finalized around January 2013.
ICT Increases Holdings in PICT
International Container Terminal Services, Inc. (PSE:ICT) purchased an additional 6,820,893 shares of Pakistan Container Terminal Ltd. The transaction will push ICT's holdings to 47.88%.