PSE Circular for Brokers No. 1196-99
PSE Circular for Brokers No. 1196-99 • Philippine Stock Exchange • Circulars for Brokers • May 26, 1999
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May 26, 1999 PSE CIRCULAR FOR BROKERS NO. 1196-99 May 25, 1999 Atty. Ruben L. Almadro Vice-President, Compliance & Surveillance Group Philippine Stock Exchange Exchange Road, Ortigas Center Pasig City, Metro Manila Fax No. 636-0809 Dear Atty. Almadro : RE : Fil-Estate Corporation We reply to your letter of even date which refers to the unusual movement in the trading price of Fil-Estate Corporation. Please be informed that we are not aware of any information which may have influenced the trading price of the captioned issue. In any event, we note that the volume of trade as of the close of the trading hours was only 758,000 shares. Considering the rather thin volume, we believe that the unusual movement in the trading price can be considered insignificant. cdlex Thank you and we remain, Very truly yours, (SGD.) AVELINO M. SEBASTIAN, JR.
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