PSE confirms no trading during holidays
There will be no trading at the Philippine Stock Exchange (PSE) during the days declared as regular and special non-working holidays over the Christmas break consistent with Proclamation No. 655. issued by the Malacañang on September 25, 2013. The holidays declared during the next two weeks are December 24, 25, 26, 30 and 31, 2014 and on January 1 and 2, 2015.
“Since the government has declared the suspension of bank clearing and settlement operations for December 24, 25, 26, 30 & 31, 2014 and January 1 & 2, 2015, there will also be no trading, clearing and settlement at the PSE during these dates,” PSE President and CEO Hans B. Sicat explained.
For 2014, the remaining stock market trading days are on December 23 and 29, 2014. Next year, trading at the PSE and clearing and settlement at the SCCP shall resume on January 5, 2015.
“We understand that prolonged breaks can be disruptive to the financial system especially in the context of globalizing environments and we have thus asked the Bangko Sentral ng Pilipinas to take into account in subsequent similar occasions opening clearing operations to minimize such disruptions,” Mr. Sicat expounded.
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