Philex Mining, the country's biggest mining firm closed at 13 per share with a very high volume. There are rumurs that it would enter into a partnership with another mining firm.
There is also a news from Philippine Daily Inquirer that GSIS buying Philex shares. According to the news, "Winston Garcia has expressed interest in building up a strategic stake in Philex". “GSIS wants to build up its position in the company, especially now that many business groups are interested in Philex again," said the official , who declined to be named because he was not authorized to speak on the issue.
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