Business News
Philippine market begins whole-day trading to boost investment
Jan 2, 2012, 2:53 GMT
Manila - The Philippine Stock Exchange on Monday extended its trading hours to the whole day to attract more investors.
The market will now be open for trading until 3:30 pm (0730 GMT). It initially extended trading to 1 pm in October. Prior to that, the bourse was only open for two and a half hours per day.
'With the longer window of opportunity, we hope to attract more investors especially foreigners,' said Astro del Castillo, managing director of First Grade Holdings Inc, an investment and trading company.
The Philippine bourse was Asia's best-performing market last year, gaining 4.07 per cent for the whole of 2011. It remains one of the smallest market in terms of capital, Castillo said.
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