The Philippine Stock Exchange Inc. (PSE) over the weekend announced the suspension of trading today, September 26, as the country faced Super Typhoon “Karding.”
In an advisory released Sunday evening, PSE president and chief executive officer Ramon Monzon said there will be no trading at the local bourse on Monday and no clearing and settlement in the Securities Clearing Corporation of the Philippines.
The bulletin released by the state weather bureau at 8 p.m. on Sunday indicated that heavy to intense rains are expected in Metro Manila due to “Karding.”
The local stock barometer closed at 6,259.54 on Friday, September 23, down by 42.17 points or 0.67%. The broader All Shares index lost 14.95 points or 0.45% to end the previous week at 3,341.29.