MANILA, Philippines – The Philippine Stock Exchange recalled an announcement it made early Tuesday morning that trading will already resume following Monday’s suspension of trading.
A PSE advisory emailed at 7:40 am said:
“Please be advised that we are recalling our earlier announcement due to the recent announcement of suspension of clearing and settlement operations in the banking system. There will be no trading at the Philippine Stock Exchange and no clearing and settlement at the Securities Clearing Corporation of the Philippines today, August 20, 2013.”
Trading was suspended Monday, August 19, due to the suspension of clearing and settlement operations in the Philippine banking system following heavy rain caused by tropical storm Maring.
The weather disturbance has affected at least 31,372 families or 146,444 people across Luzon, according to a report released by the Department of Social Welfare and Development at 6:00 pm on Monday, August 19. – Rappler.com