The Philippine bourse, which closed on last Friday, was Asia's best-performing market last year with about 3.72 percent gain on year-to-date (YTD).
Starting today, daily trading hours at the Philippine Stock Exchange will be extended till 3.30pm (was extended to 1.00pm on Oct.3, 2011), this is part of a two-phase programme by the bourse as it prepares to link up with other Southeast Asian markets.
Trading will now run up to 3:30 p.m. [GMT+8] in the local bourse. Previously, the stock market was open from 9:30 a.m. to 01:00pm, excluding a 10-minute run off period.
Trading hours will be stretched further from today with trading to run up to 3:30 p.m. , the market open remains at 9:30 a.m. with a lunch break from 12pm to 1:30 p.m.
Cross-border trading among Southeast Asian markets is set to be launched in March 2012. The Thai bourse , Singapore Exchange , Bursa Malaysia and the PSE are currently working to set up a regional trading network.
The 10-member Association of Southeast Asian Nations plans to transform itself into a unified trading bloc with free flow of capital by 2015.
The region also includes Indonesia, Cambodia, Brunei Darussalam, Laos, Myanmar and Vietnam.
Source: Yahoo
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