Which national bourse in the world applies or uses “Viagra” regularly to set prices at the close?
Answer: Only in the Philippines Stock Exchange! Yes price fixing has been THE secret for the PSE to attain the award as 2015's best bourse in Southeast Asia
In the world of central bank QE, ZIRP and NIRP, price fixing has become a virtue.
The PSEi closed down by .49% today. However the said losses were trimmed by about a third from operation Team Viagra.
Though almost all mainstream sectors showed some signs of marking the close, it was the service sector, via PLDT, that had been instrumental in mitigating today’s loss
Oh before I forget. Marking the close was also used yesterday. Unfortunately, it was in the opposite direction.
Or somebody must have doused cold water on Team Viagra.
Note: figures/images from colfinancial.com, Bloomberg, PSE and technistock.net
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