Determining the Effects of Covid-19 on the Stock Prices of Public Enlisted Consumer and Goods Companies January 2020 – May 2020

Abstract

The COVID-19 health crisis has been the most significant occurrence witnessed in practically all countries across the world since the beginning of 2020, especially in the Philippines. This study examined the impacts of the COVID-19 pandemic on the Philippine Stock Exchange daily prices of five IPO companies, focusing on the consumer and goods industry to identify its winners and losers. The literature review focused on the rapid spread of COVID-19 and its major impact on financial markets, as well as how the world responded with pandemic-like COVID-19 outbreaks. With the outbreak of the COVID-19, the world's stock markets were confronted with significant uncertainty. Furthermore, the COVID-19 crisis has been found to have damaged nearly every aspect of human life, and the strict approaches implemented, such as border closures, stay-at-home orders, and lockdowns, have greatly affected the economies and financial markets of many countries. It was also observed that even though the COVID-19 disruption was global, not all countries were impacted in the same way, and they did not respond in the same way.