This is what’s happening to the Philippine Stock Exchange during Covid-19

PSA to all stock traders!

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From transportation to travel, work and even buying bare necessities, the Novel Coronavirus (Covid-19) has affected a lot of sectors in the Philippines. Even businesses have taken a hard hit, with many of them closing for an indefinite time. And now that an enhanced Community Quarantine has been imposed on Luzon, major establishments like banks have closed too.

One of them includes the Philippine Stock Exchange (PSEi). Just last March 16, they’ve announced via Facebook that there will be no trading, no clearing and no settlement at the Securities Clearing Corporation indefinitely effective March 17. This move, according to their post, is to ensure the safety of their employees and traders.

There will be no trading at the PSE and no clearing and settlement at the SCCP starting tomorrow, March 17, 2020, until…

Posted by The Philippine Stock Exchange, Inc. on Monday, March 16, 2020

Read more about it on their official memo here. As of March 16, the PSEi closed at 5,335.37. They went down 458.57 points, or 7.92 percent following the Covid-19 outbreak.


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