Trading Hours

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PSE Trading Hours

by BDO Securities | Oct 10, 2023 | 4 min. read

The Philippine Stock Exchange (PSE) is open weekdays from Monday to Friday and closed on Saturday, Sunday, and select holidays.

While stocks can be bought and sold during market hours, there are daily market windows you should know about.

Below is a breakdown of the different daily market trading windows:

Time	Market Window
09:00 AM	Pre-open
09:15 AM	Pre-open / No Cancellation Period
09:30 AM	Market Open
12:00 PM	Market Recess
01:00 PM	Market Resumption
02:45 PM	Pre-close
02:48 PM	Pre-close / No Cancellation
02:50 PM	Run-off / Trading-at-last
03:00 PM	Market Close

*As per PSE memorandum, effective December 6, 2021

Pre-open

The pre-open period includes two periods:

09:00 AM - 09:14 AM – No matching orders can occur during this period; trading partners (TPs) can enter, modify, or cancel orders, which will be processed based on the pre-opening algorithm.

09:15 AM - 09:30 AM – Trading partners can enter orders but cannot cancel or modify orders during this period.

Market Open / Continuous Trading

09:30 AM - 11:59 AM – Market open: During the market open the opening price of all securities is calculated and the order book is frozen, order entry, modification, and cancellation are not allowed by trading partners. Continuous trading: Orders are automatically matched at the best price in accordance with the PSE trading rules.

Market Recess

12:00 PM - 01:29 PM – During the market recess the trading of all securities is halted and trading partners cannot post, modify, or cancel orders.

Trading Resumes / Continuous Trading

01:00 PM - 02:44 PM: Like the morning session, orders are automatically matched at the best price in accordance with the PSE trading rules during the afternoon session.

Pre-close

02:45 PM - 02:47 PM: During the pre-close period trading partners can enter, modify, or cancel orders.

02:48 PM - 02:49 PM: Trading partners can enter orders but cannot cancel or modify orders during this period.

Run-off / Trading-at-last

02:50 PM - 03:00 PM: The run-off / trading-at-last period allows trading partners to enter limit orders at the closing price only or market orders but matching is executed only at the closing price for both order types.

Market close

03:00 PM: Market trading is halted for the day.

If you’re interested in trading stocks on the Philippine Stock Exchange, don’t forget to open a BDO Securities account below.

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For concerns, you may contact the BDO Securities Hotline at (+632) 8840-7878, Monday to Friday from 8:30AM to 5:00PM, or email us via bdosec-customercare@bdo.com.ph. BDO Securities is a PSE and PDEx Trading Participant, an SCCP and SIPF Member, and is regulated by the CMIC with website www.cmic.com.ph, and the SEC with telephone no. 0916-383-8633 and (+632) 8818-0921 and email address at msrdsubmission@sec.gov.ph.

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