PSYEi 30 Glitch? Which is the Correct Closing Price 7,971.33 or 7,910.58? VLL’s Amazing Magic 2.0!

PSYEi 30 Glitch? Which is the Correct Closing Price 7,971.33 or 7,910.58? VLL’s Amazing Magic 2.0!

PSYei February 18: Which is the Correct Close 7,971.33 or 7,910.58?

Am I seeing things correctly? Or has there been something terribly wrong with the Philippine Stock Exchange?

Two numbers appear supposedly representing the PSEi. Found in the main PSE page is 7,971.33. The second is 7,910.58 published at the end of the day quotes in pdf at the market report section of the PSE’s website.

Aside from the PSEi, the property index also varied. The main page registered 4,005.73 while the end of the day pdf report 4,002.94 in the end-of-the-day report. The other indices had no discrepancy.

Bloomberg’s numbers manifested the latter, while the others registered the former.

Earlier today, the Philippine Stock Exchange admitted to an error in the property and PSEi indices. This admission was published at the circular just above the Daily Quotation report (middle and lower window)

To consider, many participants conduct their transactions decisions based on the movements of the headline index.

And it also matters because the difference in price changes has been significant: +.79% for the main disclosure and +.02% for the quotation page.

Such matters because it puts the integrity of the PSEi’s numbers on the line. Not only does it demonstrate vulnerability to miscalculations (technical glitches?), but it may also be subject to manipulation.

So PSE, which is which?

VLL’s Amazing Magic 2.0!

At the start of the session, there was an attempt to push VLL above yesterday’s closing prices, but that didn’t last.

So VLL spent the remaining day giving back some of Friday’s magical gains.

However, some people thought that VLL deserves something more than the market is willing to accept. So they had to do whatever it takes.

So at the transition to the close, VLL was pushed up by an astounding 9.6% to close to remain the same with yesterday’s prices!

If the cabal has done that repeatedly to mainstay index members, what’s to stop them from sending VLL from a second tier issue to a PSYEi member and one of the heavyweights at that?

And has the VLL saga been related to the PSYEi faux pas?