What would be of the Philippine stock market without Team Viagra?
Of course, Team Viagra has most likely been the secret ingredient to the recent attainment by the PSE of the “best stock market in Southeast Asia”. Let us not forget, Team Viagra may also be the elixir to “sustainable inclusive growth”.
49% of today’s closing gain of .53% came from “marking the close” pump!
By statute, "marking the close" is considered "prohibited". But who cares about regulations for as these infractions work in the favor of the establishment?
Curiously, board volume emaciated to only Php 4.45 billion, but special block sales from STR and SCC padded these to Php 12.6 billion
Yet the main issues to deliver the last minute pump…
I won't repeat of the impact Team Viagra does to the marketplace.
Nonetheless, with Team Viagra, it's definitely more fun in the Philippines! And to add "ONLY in the Philippines"!
Note: figures/images from colfinancial.com, Bloomberg and technistock.net.
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