THE Philippine Stock Exchange Inc. (PSE) has suspended trading yesterday, March 17, following the “enhanced community quarantine” imposed by President Rodrigo Duterte over Luzon.
In a memorandum, the PSE said there will be no trading, clearing and settlement at the Security Clearing Corporation of the Philippines until further notice.
The suspension is to ensure the safety of PSE’s employees and traders in light of the rising cases of the coronavirus disease 2019 (COVID-19) in the country.
The local stock barometer closed Monday at 5,335.37, down by 458.57 points or 7.91%. (with report from GMA News/PN)
