The Philippine Stock Exchange (PSE) is considering reverting back to its normal trading hours—from 9 a.m. to 3 p.m.—by February, according to its memorandum to trading participants.
The PSE is implementing the new schedule starting February 2, according to the memorandum. February 1 is a trading holiday as the country will celebrate Chinese New Year.
In a separate announcement on its Twitter account, however, the PSE said it “will provide further updates on the February trading schedule,” hours after it announced the new trading schedule.
Earlier this month, the PSE issued a memorandum which indicated that starting January 14 through the end of the month, the exchange will again implement a shortened trading hours, from 9 a.m. to 1 p.m.
The PSE in December already adjusted its trading hours to up to 3 p.m. as authorities lowered its Covid-19 classification of Metro Manila and nearby provinces to Alert Level 2.
In its previous circular, however, the PSE said: “We will await further updates from the IATF-DOH [Inter-Agency Task Force For The Management Of Emerging Infectious Diseases-Department of Health] 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.”
The IATF still has to announce the new alert level classification for Metro Manila for February.
“Cut-off for for corporate disclosures to be posted on the PSE EDGE portal is at 1:30 p.m., for the period January 14, 2022 up to January 31, 2022. All disclosures received on or before this cut-off, including the end of day disclosure of First Metro Philippine Equity Exchange Traded Fund Inc., will be released on the same trading day. Corporate disclosures filed after the 1:30 p.m. cut-off will be posted on the PSE EDGE portal the following trading day,” it said in the previous memorandum.