PSE to revert to half day trading for rest of January
The Philippine Stock Exchange (PSE) is reverting to half day trading starting this Friday for the rest of January amid the resurgence in COVID-19 cases caused by the Omicron variant.
In an advisory on Tuesday, PSE president Ramon Monzon announced that the shortening of trades was in view of the Omicron-driven resurgence in cases. Beyond Jan. 31, he said the bourse would await updates from the Inter-Agency Task Force for the Management of Emerging Infectious Diseases on COVID-19 developments and make the appropriate announcement.
The market will open at 9:30 a.m. and close at 1 p.m. starting Jan. 14.
Pre-open will start at 9 a.m., during which trading orders can be filed but there is no actual matching of buyers and sellers yet.
Pre-close, during which stock closing prices are set, will be at 12:45 p.m., with the run-off/trading at last at 12:50 p.m.
Since the hard lockdowns of March 2020, the PSE shortened its trading hours but returned to full-day trading on Dec. 6, 2021 when the government relaxed mobility restrictions in the country.
Many of the traders, however, have already adjusted to shorter trading hours.
—Doris Dumlao-Abadilla INQ
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