Philippine financial markets closed for Holy Week break

The Philippines financial markets are closed on Thursday and Friday, April 1 and 2, in observance of the Holy Week holidays.

Trading on the Philippine Stock Exchange and spot transaction at the Bankers’ Association of the Philippines will resume on Monday, April 5, 2021.

The benchmark PSE index closed at 6,443.09 on Wednesday, lower by 102.46 points or 1.57% as worries over the possible extension of the enhanced community quarantine in Metro Manila and its nearby provinces compelled investors to off-load positions ahead of the long Holy Week break. 

The Philippine peso, meanwhile, ended stronger against the US dollar by 1.5 centavos to P48.53:$1 from Tuesday’s finish at 48.545.

The government declared Maundy Thursday and Good Friday as regular holidays.

Likewise, most branches of Philippine lenders will be closed during the Holy Week holidays. —Ted Cordero/KBK, GMA News