PSE Market Summary:
The Philippine Stocks Market is up by 43.59 or .67% to close at 6,565.23. Total trades recorded were 36,473 with 97 stocks advances, 86 declines and 41 stocks unchanged.
RCB Net Income 24% Higher
Rizal Commercial Banking Corporation (PSE:RCB) posted net income of 6.21 billion in 2012 or 24% higher than P5.01 billion recorded in 2011. Growth in loans attributed to 6.5% of the increase.
SMB Files for Voluntary Delisting
San Miguel Brewery, Inc. (PSE:SMB) submitted a petition for voluntary delisting to buy back shares held by public or approximately .61% of their outstanding stock. The offer price is set at P20 per share.