PSE Market Summary:
The Philippine Stocks Market is up for the fourth straight trade, gaining 26.20 or .45% to close at 5,823.94. Total trades reached 21,399 with 84 stocks advances, 73 declines and 50 stocks unchanged. PSEi is up by 116.83 or 2.05% week-on-week.
FEU Secures P1T Loan
Far Eastern University (PSE:FEU) obtained a loan from BPI amounting to P1 trillion with 3.7895% interest per annum. The proceeds will be used to purchase land in Alabang for its expansion plans.
CMT Issues Cash and Property Dividends
Southeast Asia Cement Holdings Inc. declared cash and property dividends as follow:
cash = P.38 per common share
ex-date = Jan. 4, 2013
record date = Jan. 9, 2013
payment date = Jan. 23, 2013
property dividend = CMT treasury shares
ratio = 1 CMT treasury for every 5.93 outstanding common shares
record date = Jan. 9, 2013
payment date = Jan. 23, 2013