PSE Market Summary
The Philippines Stocks Market increased by 44.61 to close at 5,346.10. The PSEi was lifted by a boost toward the end of trading.
SMC Lists P 80 B Preferred Shares
San Miguel Corporation (PSE:SMC) listed P 8 billion worth of preferred shares to be used to redeem its outstanding series 1 shares and the remaining to be utilized for general reporting purposes.
PAL for Possible Voluntary Delisting
PAL Holdings PSE:PAL) will likely miss the deadline set by PSE for an increase in minimum ownership. Company president Ramon Ang confirmed that they are considering the possibility that this will not be met and opt to go private instead. PSE set public float to at least 10%.