August 2022 Market Sentiment Rating: LTG, MBT, MEG, MER, MONDE

In this article, I’ll tell you the Market Sentiment Index rating for the following bluechip or index stocks for the entire month of August 2022.

LT Group
Metropolitan Bank & Trust Company
Megaworld Corporation
Manila Electric Company
Monde Nissin Corporation

Before we dive deep into the data, I need to tell you first the rationale for using my Market Sentiment Index. This is my proprietary indicator. I invented it. No one else can explain it better than I do.

Why did I create my proprietary Market Sentiment Index indicator?

I am using my proprietary Market Sentiment Index (MSI) to identify the overall mood of the top 10 brokers.

I want you to understand that my Market Sentiment Index is not a determiner of trend but sentiment.

I use this chart on several occasions. Here are some examples of its usage.

Scenario 1

Let’s say the stock is still moving above your trailing stop loss. All other indicators you check are bullish.

You want to top up, but you saw a huge Net Foreign Selling. Now you’re half-hearted to continue your plan to top up even though your other indicators are bullish just because you saw that the foreign fundies are bearish.

However, you saw that the Market Sentiment Index of the stock is bullish. That means the majority of the top 10 brokers bought the dips.

Doesn’t that give you the confidence to top up, too?

Scenario 2

Let’s say the stock is still trading above your trailing stop loss. However, the other indicators you monitor are bearish.

Now, you’re torn between pre-empting your trailing stop loss (selling even before it gets hit) and respecting it (sell only when it’s hit).

However, you see that the Market Sentiment Index is bullish.

Doesn’t that give you the confidence to hold your position because you see that the majority of the top 10 brokers are still interested in buying the dips?

Scenario 3

The stock is still trading above your trailing stop loss.

You see that the foreign investors registered a huge Net Foreign Buying.

Now, you’re asking yourself, “Does it make sense for me to top up (buy the dips) because the foreign investors are aggressively buying the dips EVEN IF the current price is not higher than the previous trading day’s opening price?”

But seeing that the Market Sentiment Index is bearish, you decided not to pursue the plan to mimic what the foreign fundies are doing.

You realize that the foreign fundies can afford to buy the major dips because they have billions in their pocket.

You realized, “Why should I hurry in buying the dips when the majority of the top 10 brokers are not even showing signs of interest yet?”

Now you’re ready to see the Market Sentiment Index rating for the stocks I mentioned above!

LT Group

Market Sentiment Index: BULLISH
47 of the 83 participating brokers, or 56.63% of all participants, registered a positive Net Amount
39 of the 83 participating brokers, or 46.99% of all participants, registered a higher Buying Average than Selling Average
83 Participating Brokers’ Buying Average: ₱9.01592
83 Participating Brokers’ Selling Average: ₱9.03732
10 out of 83 participants, or 12.05% of all participants, registered a 100% BUYING activity
7 out of 83 participants, or 8.43% of all participants, registered a 100% SELLING activity

Metropolitan Bank & Trust Company

Market Sentiment Index: BULLISH
83 of the 102 participating brokers, or 81.37% of all participants, registered a positive Net Amount
51 of the 102 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
102 Participating Brokers’ Buying Average: ₱319.50842
102 Participating Brokers’ Selling Average: ₱320.57916
24 out of 102 participants, or 23.53% of all participants, registered a 100% BUYING activity
2 out of 102 participants, or 1.96% of all participants, registered a 100% SELLING activity

Megaworld Corporation

Market Sentiment Index: BULLISH
36 of the 92 participating brokers, or 39.13% of all participants, registered a positive Net Amount
39 of the 92 participating brokers, or 42.39% of all participants, registered a higher Buying Average than Selling Average
92 Participating Brokers’ Buying Average: ₱2.45082
92 Participating Brokers’ Selling Average: ₱2.47040
8 out of 92 participants, or 8.70% of all participants, registered a 100% BUYING activity
11 out of 92 participants, or 11.96% of all participants, registered a 100% SELLING activity

Manila Electric Company

Monde Nissin Corporation

Market Sentiment Index: BEARISH
19 of the 101 participating brokers, or 18.81% of all participants, registered a positive Net Amount
29 of the 101 participating brokers, or 28.71% of all participants, registered a higher Buying Average than Selling Average
101 Participating Brokers’ Buying Average: ₱15.91062
101 Participating Brokers’ Selling Average: ₱15.94724
1 out of 101 participants, or 0.99% of all participants, registered a 100% BUYING activity
34 out of 101 participants, or 33.66% of all participants, registered a 100% SELLING activity

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Author
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Jaycee De Guzman

Founder and CEO at Equilyst Analytics

Experience the expertise of Jaycee De Guzman, the brain of Equilyst Analytics, renowned for his unique data analysis. He is a computer scientist and a self-taught digital marketing strategist and agriculturist. Since Equilyst Analytics’ founding in 2012, over 10,000 local and foreign clients have consulted with Jaycee de Guzman on crypto and stock investments.

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