July 26, 2010 / 2:05 AM / 9 years ago

Philippine bourse says main index reading incorrect

MANILA, July 26 (Reuters) - The Philippine stock exchange has advised market participants that readings showing a sharp spike in the main index .PSI were incorrect, after the bourse launched a new trading system on Monday.

The bourse ran an advisory to market players to disregard the index readings for the moment. The exchange had shown the main index had surged 15.3 percent to a lifetime high of 3,937.39 points in early trade. (Reporting by Rosemarie Francisco; Editing by John Mair)

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