The blues as well as the index got decimated today during the run off period. Price action painted a cliff like pattern in the charts. This week is also the quarter end; foreign funds probably are trimming their weak positions (i.e. Emerging markets).
Metrobank was well supported at 80.50 until a wave of sellers came in and pushed the price further down. Buyers then came in and took out all of the ask volume at 80.05 during the run off period. 26 more words