PSEi down over modification of ECQ in NCR, Laguna, Cebu City


Local stock barometer Philippine Stock Exchange Index (PSEi) closed in the red on Tuesday as investor sentiment weakened after the modification of the enhanced community quarantine in economic hubs Metro Manila, Laguna, and Cebu City while the lockdown measures were eased in the rest of the country.

The bellwether PSEi shed 16.26 points or 0.29% to 5,651.67 at the closing bell. The broader All Shares lost 11.00 points or 0.32% to 3,415.24.

In its daily market close report, Philstocks Financial attributed the sell off to the “modification of restriction rules in Metro Manila, together with Laguna and Cebu City undergoing a modified enhanced community quarantine until May 31.”

President Rodrigo Duterte has ordered the implementation of a modified enhanced community quarantine (ECQ) in Metro Manila, Laguna and Cebu City that continue to be considered “high-risk” in the spread of COVID-19.

The modified ECQ will run from May 16 to 31.

According to the government, the difference between ECQ and modified ECQ are as follows:



  •     no movement regardless of age and health status
  •     minimal economic activity except for utility services such as food, power and water and the critical economic sector
  •     no transportation activity except for utility services
  •     suspension of physical classes

Modified ECQ:

  • limited movement within containment zone for obtaining essential services and work
  • operation of selected manufacturing and processing plants up to maximum of 50% workforce
  • limited transporting services for essential goods and services
  • suspension of physical classes

More than 454.168 million shares valued at P5.365 billion, changed hands. Advancers led decliners, 87 to 86, and 45 issues were unchanged.—AOL, GMA News