PSE index slumps as shortened trading starts

March 16, 2020

The main Philippine share index closed lower on Monday as the Philippine Stock Exchange (PSE) began a shortened trading session due to the community quarantine in effect in Metro Manila.

Starting Tuesday, trades will start at 9 am and ending at 1 pm, the PSE said in an annoncement.

The PSE index ended 458.37 points lower to 5,335.37 points. In the broader market, there were 145 losers, 46 gainers and 40 unchanged.

Volume reached 618.19 million worth P6.4 billion.

Most active shares were led by Ayala Land, down P4.2o to P28.80; SM Prime, down P1.50 to P28.50; Ayala Corp., down P60 to P510 and PLDT, down P49 to P980.

Some of the few gainers in the most active shares Universal Robina Corp., up P1 to P120 and Globe Telecom, up P90 to P1,920. DMS