The Philippine Stock Exchange (PSE) said it will resume trading today, March 19, 2020.
This after it received clearance from the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) to be exempted from business shutdown that affected most businesses in the National Capital Region as part of the capital’s quarantine.
The PSE said it will continue to observe a shortened trading session – pre-open at 9 a.m. and market close at 1 p.m. – with the arrangement that trading will be down offsite and the PSE trading floor will not be accessible to trading participants.
The PSE, however, will be assigning a skeletal force to facilitate the trading for market.
The (IATF) in a statement said it granted the exemption to the PSE and other trading platforms exemption “ after they assured the authorities that necessary safeguards to ensure the safety of their employees and the community they interact with are in place.”
The IATF also said it has, together with concerned government agencies, such as the Securities and Exchange Commission, Department of Finance, and Bangko Sentral ng Pilipinas, been actively coordinating with these market platforms to facilitate a swift resumption of operations.
