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On 30 January 2020, the Philippine Department of Health reported the first case of COVID-19 in the country with a 38-year-old female Chinese national. On

On 30 January 2020, the Philippine Department of Health reported the first case of COVID-19 in the country with a 38-year-old female Chinese national. On 7 March, the first local transmission of COVID-19 was confirmed. With the emergence of the first local transmission, the government decided to impose an enhanced community quarantine (ECQ) in Luzon starting March 16, 2020, restricting the movement of the population except for necessity, work, and health circumstances.

What is the impact of the implementation of ECQ, specifically focusing on stock market?

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