Trading in Philippine stocks stops for unknown reason

Trading on the Philippine Stock Exchange halted on Tuesday at around 11:11 a.m. for still unknown reason.

 

Harry Liu, president of Summit Securities Inc., noted the trading was stopped “when something went off,” adding that “until now it’s off.”

 

According to a representative of the PSE Corporate Communications department, “it could be something of technical in nature, but as of now I don’t have anything official.

 

“We’re still looking into it,” she said.

"The market was halted at 11:12 a.m. today due to technical problems.

"The market will resume at 1:45 p.m. and will close at 3:30 p.m."

Earlier Tuesday, the main PSEi breached the psychological resistance at 5,600 and touched an intra-day high of 5,615.62 at 10:41 a.m. 

 

The PSEi is currently pegged at 5,598.43 – the same level when trading suddenly  stopped – up 0.34 percent from Monday’s close. — GMA News