IN BRIEF

PUBLISHED : Saturday, 10 January, 2004, 12:00am
UPDATED : Saturday, 10 January, 2004, 12:00am

phoenix stock leaps on bullish expectations


Shares of Phoenix Satellite Television Holdings jumped 16.48 per cent yesterday to $1.06 on news that the company expected a strong performance this year. The television broadcaster said it planned to raise staff salaries by 2.5 per cent as an appreciation of the employees' hard work last year.