PSE Market Summary:
The Philippine Stocks Market was up for the second straight trade, closing 6,167.64 or 50.37 points higher yesterday. Total trade reached 23,511 with 95 stocks advances, 69 declines and 45 stocks unchanged. PSEi is up 28.43 or .46% for the week.
PNX Declares Cash and Stock Dividends
Phoenix Petroleum (PSE:PNX) declared cash dividend of P.10 per share and 30% stocks dividend to be taken from unappropriated retained earnings. No record and payment dates have been set.
UBP Declares Cash Dividend
Union Bank of the Philippines (PSE:UBP) declared cash dividend of P3.50 per share. no record and payment dates have been announced.
CEB Passengers Increase 11%
Cebu Pacific Air (PSE:CEB) flew 13.26 million passengers from January to December 2012, 11% higher than 11.93 million recorded last 2011. The increase is attributed to strategic expansion in its domestic and international operations.