The Philippine Stock Exchange announced that it will be reverting to shortened trading hours starting Friday, Jan. 14, 2022, “in view of the surge in COVID-19 cases caused by the Omicron variant.”
In a circular, PSE President Ramon S. Monzon said the bourse will have shortened trading hours from January 14 to 31, 2022.
Pre-opening will be at 9:00 a.m. while pre-open with no cancellation will be begin at 9:15 a.m. Market will open at 9:30 a.m. and pre-close will start at 12:45 p.m., pre-close no cancel at 12:48 p.m., and Run-off or Trading at Last at 12:50 p.m., while market will close at 1:00 p.m.
“We will await further updates from the IATF-DOH on the status of Covid cases and quarantine situation in Metro Manila a few days before January 31, 2022 and make the appropriate announcement on PSE’s trading hours after said date,” Monzon said.
Just last Dec. 6, the PSE had returned to its pre-pandemic full-day 5-hour trading schedule which ended at 3:00 p.m. after COVID cases had dropped from the surge caused by the Delta variant.
It had also reopened its trading floor last Dec. 1 to allow trading participants with trading booths to resume trading operations on site.