PSE Market Summary:
The Philippine Stocks Market was up by 12.74 or .23% to close at 5,636.59. Total trades recorded were 24,576 with 61 stocks advances, 115 declines and 39 remaining unchanged.
FDC Complies with Float Requirement
ALG Holdings Corporation sold a total of 636 million shares of Filinvest Development Corporation (PSE:FDC) at P5 apiece. The transaction effectively increases FDC's public float level from 3.35% to 10.16%.
GTCAP to Issue Fixed Rate Bonds
GT Capital Holdings (PSE:GTCAP) plnas to issue fixed rate peso bonds up to P8 billion with an option to increase up to P2billion. Proceeds from the issuance shall be used for general corporate businesses. A public offering announcement will be made once all details are set.