PSE Market Summary:
The Philippine Stocks Market is down by 109.93 or 1.68% to close at 6,426.25. Total trades recorded were 37,496 with 59 stocks advances, 104 declines and 40 stocks unchanged.
PCOR Posts P2.3B Net Income
Petron Corporation (PSE:PCOR) reported a P2.3 billion net income for 2012, lower than the P8.5 billion posted in 2011. The lower earnings is primarily due to the 2nd quarter loss from volatile oil prices.