Only in the Philippines!
Today’s "marking the close" pump was a minor one compared to yesterday (in terms of degree), nevertheless accounted for 43% share of the session’s gains!
Here are the sectors that participated…
And here are the issues which represented the sectors above...
The above gains only represent as the "marking the close" pump which padded up on the day's total returns
These three issues had been part for the top 13 most actively traded.
To clarify, the financial sector pump was largely from SECB which is not a component of the PSEi. However, MBT contributed to the headline index pump
Anyway, the SECB’s chart shows of a mind-boggling blast off! Importantly, the firm's share price's accelerating stratospheric ascent has now signified an almost 90 degrees in slope or almost flawlessly vertical! Such represents another sign of a blowoff top phase.
Once again, brazen manipulation--only in the Philippines!
Note: figures/images from colfinancial.com, Bloomberg, PSE and technistock.net
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