Philippines stock exchange resumes trading after over two-hour halt

MANILA  -The Philippine Stock Exchange (PSE) resumed trading at 11:56 a,m. or more than two hours after it was temporarily halted.

The PSE did not provide a reason why trading was interrupted at 9:32 a.m. but said it would make further announcements.

The benchmark stock exchange index opened 0.22 percent lower on Wednesday. But trades were halted after just four minutes.

“Pursuant to the trading rules, market phases will proceed as scheduled,” it said.

READ:  Opening salvo: PSEi rallies to 6,500

As of noon break, PSE index was down 0.43 percent, or 28.18 points, while the broader All-Shares index slipped by 0.27 percent, or 9.19 points, to settle at 3,456.78.

Afternoon trade will run from 1 p.m. to 3 p.m.

READ: Tech glitch forces PSE to cancel trading

In January 2022, the stock exchange cancelled trading for an entire day because of technical problems, with more than a third of trading participants unable to establish a connection to the core trading engine. Tyrone Jasper C. Piad, with a report from Reuters