Philippine bourse sees no fraudulent trading in PLDT shares

Philippine bourse sees no fraudulent trading in PLDT shares

FILE PHOTO: A trader walks past the electronic board of the Philippine Stock Exchange in Makati city, Metro Manila, Philippines June 27, 2016. REUTERS/Romeo Ranoco

The Philippine Stock Exchange (PSE) said on Wednesday there was no indication of fraudulent trading in PLDT Inc shares before the company’s disclosure of budget overruns, with most of the deals carried out by institutional traders.