TRADING at the country’s capital markets was suspended yesterday as Filipinos cast their votes for midterm elections.
Trading on the Philippine Stock Exchange (PSE) and Philippine Dealing Exchange (PDEx) as well as foreign exchange spot transactions at the Bankers Association of the Philippines’ website, were closed and will resume today.
This, after President Ferdinand Marcos Jr., through Proclamation No. 878, declared election day as a special non-working holiday throughout the country.
The last trading day preceding the midterm polls was on Friday, May 9, during which the local stock barometer closed stronger at 6,458.20, gaining 68.71 points or 1.08%.
The Philippine peso also ended last week on a strong note against the US dollar, closing at P55.51:$1, up 11.5 centavos from P55.625:$1 on the prior trading day.
The Commission on Elections said 100% of the 94,000 voting precincts nationwide already started catering to about 68 million voters expected to cast ballots for Eleksyon 2025. (GMA Integrated News)
