PSE Market Summary:
The Philippine Stocks Market snapped its five-day rally to close lower by 28.49 or .45% to 6,242.74. Total trades reached 33,693 with 62 stocks advances 106 declines and 44 stocks unchanged.
WEB Posts 20% Growth
Philweb Corp (PSE:WEB) disclosed that its net income for 2012 increased to P1.1billion or 20% higher than the previous year. Their Asia pacific subsidiary mainly contributed to the positive earnings.