PSE encounters technical glitch, advises public to disregard data

(UPDATED 4:00pm) The Philippine Stock Exchange (PSE) advised the public Friday morning to "disregard" the data on its website as it encountered a technical glitch during trading. PSE investor relations officer Elizabeth B. Lacson told GMANews.TV that investors should "disregard" its data on the benchmark index after San Miguel Corp.'s "B" class shares were traded Friday morning. Earlier, the diversified conglomerate has secured a regulatory approval to declassify shares and use just one class of stock. At 4 p.m., PSE chief technology officer Susan Serad said PSE has already updated the levels of PSE, all shares and industrial indices, where San Miguel's "B" class are listed on. The index closed at 3,558.67 points, down 36.91 points or 1.03 percent. It can be recalled that on July 26, the transfer to a new trading system caused a glitch, showing that the index surged a record 15 percent. —JE/OMG, GMANews.TV