San Miguel stockholders and the public in general gets an assurance from San Miguel Corporation or SMC that it will remain a publicly listed company in the Philippine Stock Market. The Philippines’ largest listed company said that “San Miguel shall remain listed, owing to its iconic status in the country.”

SMC made this statement Thursday after its President Ramon Ang said that it was thinking of making the company private because compliance with the Philippine Stock Exchange’s requirements on disclosures has sometimes made it difficult for San Miguel to make purchases. Read the rest of this entry »

Here are the 20 Most Active Stock by Value at the Philippine Stock Market Today:

1. LC
2. ZHI
3. PX
4. AC
5. EDC

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The PSEi closes at 4290 which is reported to be up by 133 points as investors went on bargain hunting with lower stock price still on some. Relief rally following market’s 3 day selloff and rebound in US equities. The US Federal Reserves pledges that they would not raise and also keep interest rates low for the next two years.

According to one source, PSEi recouped 133.11 points or 3.2% to close at 4,290.14 today following big Wall Street recovery and rebound as of last night. Yesterday the PSEi closed at 174.21 points or 4% lower at 4,157.03 after what is being called the Wall Street meltdown.