PSE stock trading schedule in 2012

James Ryan Jonas

The longer trading hours that the Philippine Stock Exchange proposed before will go on as planned effective January 2, 2012.

In the new schedule, there will be 2 and 1/2 hours of trading in the morning, followed by 1 and 1/2 hours of recess, then another 2 hours of trading in the afternoon. Trading will now end at 3:30 p.m.

The new schedule is as follows.


For three months starting October 2011, the PSE pilot-tested the extension of trading hours. From October 1 until the last trading day in December, an additional trading hour was implemented, with the market opening at 9:30 a.m. and closing at 1 p.m.

Although a few traders I know complained that they delayed their lunched because of the additional hour, it seems like the pilot-testing was successful, hence, the PSE decided to give the 4 and 1/2 hours total trading time a go by next year.

Before October 2011, trading time in the local stock market was only for 2 and 1/2 hours, one of the shortest in the world.

In 2002, the PSE extended trading hours until 2 in the afternoon but discontinued the move after only eight months of pilot-testing. The expected increase in the volume of trades did not materialize supposedly because the extended hours coincided with the mid-day trading breaks in other foreign markets.

Here’s to hoping that next year’s longer trading hours will lead to more investors and more trades in the local stock market.

James Ryan Jonas teaches business management, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.2 Billion ($56.4 Million) worth of retirement funds on behalf of thousands of UP employees.