So, starting October 1, 2011, the PSE will, once again, try their hand on extending trading hours. Instead of closing at 12:10 pm, the market will close at 1:00 pm. But hold your horses. It doesn’t end there. Effective January 1, 2012, trading will be extended further until 3:30 pm. As if we’re not suffering enough 9:00 am to 12:10 pm.
Uhh…Does anyone know where the nearest blood bank is?! I think the stock market will prove itself to be a goldmine for such. Anyway, the outlook for the trading extension wasn’t always this negative. I know trading was extended before but it turned out to be a failed endeavor as volume simply spread out during the trading day. This time, however, the PSE expects it to be different. With the implementation of the new trading system, volume has significantly increased. The PSE will also engage in the ASEAN integration which is expected to boost volume further. But the question remains, if the market is not so bullish anymore, how in the world do you expect to raise volume?? 😛