Philippine stocks to resume trading Thursday with remote transactions


Posted at Mar 18 2020 08:22 AM

MANILA -- The Philippine Stock Exchange said trading would resume on Thursday, with transactions done remotely, after authorities exempted financial market platforms from the Luzon-wide COVID-19 lockdown.

The PSE, Philippine Dealing and Exchange Corp, Philippine Depository and Trust Corp and the Philippine Securities Settlement Corp were exempted after they put in place safeguards for their employees and the communities they interact with, the Department of Finance and the Bangko Sentral ng Pilipinas said in a joint statement early Wednesday.

PhilPass, the central bank's platform for large interbank transactions, will operate from 9 a.m. to 3 p.m., the BSP said on Tuesday. 

From Thursday at the PSE, the pre-open was set at 9 a.m., the market will open at 9:30 a.m., pre-close at 12:45 p.m., run-off at 12:50 p.m. and close at 1 p.m., the exchange said in a memorandum.

The trading floor will be closed, the PSE said.