PSE Market Summary:
The Philippine Stocks Market is up by 56.27 or .84% to close at 6,721.33. Total trades recorded were 30,033 with 112 stocks advances, 55 declines and 43 stocks unchanged.
EDC Posts 89% Increase
Energy Development Corporation (PSE:EDC) posted consolidated net income of P9.89 billion, 89% higher than P5.24 billion reported in 2011. The rehabilitated power plants primarily contributed to the increase.