The stock market resumed operations following a two-day shutdown after Luzon went under enhanced community quarantine, as authorities scrambled to contain the spread of the novel coronavirus disease or COVID-19.
Luis Limlingan, managing director or Regina Capital, said this was easily the biggest fall on record. The government restricted movement and business operations in the entire Luzon, only allowing workers in critical industries like healthcare, food preparation, banks, groceries, and media to report to work while the rest were told to stay at home. Malls and offices have been shut, with the state appealing for work-from-home arrangements until mid-April.
Stock market sinks by 13.34% to 4,623.42 on Thursday
wow
Expected this pandemic crisis..
weve been fooled by china. after releasing the virus and watching the world economy collapse... check whos economy is doing great at this time of crisis... stocks, gold, production of goods... while everyone else runs out of supply... whos goin to be the main supplier now?
i can't understand why these dimwits at pse insist to reopen the stock market 💩
Our Philippine economy is very VULNERABLE by this LuzonLockdown quarrantine against COVID19. I do wish that the lockdown would be lifted as early as two weeks & not longer than one month. To save our Philippine economy. So that we won't have more poor people!