The Phisix was down by .49% this week to close at 7,807 this abbreviated trading week.
But the headline numbers don’t reveal of the real story….which can be seen below…
While foreigners sold at the regular trade sessions (Php 7.61 billion up 115% week on week!!!), local price fixers went into panic buying at the closing bell for 3 successive days! Total amount pumped: 140.61 points or an astounding 1.81%!!!!!
Thus, Project Maginot 8,000 defense—through the protection of PSEi 7,800 with a flurry of marking the close pump—signified MISSION ACCOMPLISHED (for the week)!!!!
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