PH stock market shutting down by March 17 until further notice

The Philippine Stock Exchange is shutting down trading starting Tuesday, March 17, until further notice.

This is in line with Pres. Rodrigo Duterte’s order widening the ongoing “community quarantine” to the entire Luzon island and not just Metro Manila. The lockdown is intended to contain the coronavirus (COVID-19) pandemic.

The PSE’s decision to shut down the stock market is to “ensure the safety of employees and traders in light of the escalating cases of the coronavirus disease (COVID-19), PSE president Ramon Monzon said.