Philippine Stocks: Petron, San Miguel Advance
The Philippine Stock Exchange Index increased 23.17, or 0.6 percent, to 4,221.09 at the 12 p.m. close in Manila.
San Miguel Corp. (SMC PM), the largest Philippine food and drinks company, climbed 5.7 percent to 129 pesos, the highest close based on prices going back to January 1990. Vice Chairman Ramon Ang said the company plans to sell 1 billion common shares to expand public ownership.
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