Index closed up by 130pts or 1.5%. Curiously, there was significant movement on close from index heavyweights ($SM, $AC, $ALI). Good bounce from the 9SMA, and today’s action seem to negate the long bearish candle last Friday, continuing the bounce since Oct27. 8600 resistance coming up.
Filipinos still prefer betting on lotto even if the odds of winning is very very small. But the odds of winning and burning the ticket is much much way way smaller. This is what happened to a man who claims he won the PHP12M pot but unfortunately, his ticket got burned by a flat iron. Odd odds.