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This is the only thing that drives the stock market.
Without it, the stock market would have gone into a free fall, just like the peso's behavior whenever the economy is in a slowdown or whenever there are no incentives left for investors to put their money in the Philippines.
The increase in the number of brokerage houses ceasing operations as a result of thin value trades in the market and the poor economic situation haunts the local market's performance.
This situation poses a threat to the local market which cannot stand alone without foreign investors coming in, as about 70% to 80% of …