Most Viewed Disclosures - Market Sentiment Rating (10.24.2022): MPI, MEG, PIZZA, ALI, UBP

Are you also one of the traders and investors who habitually check the Most Viewed Disclosures section on edge.pse.com.ph before the start of trading?

It makes sense to check that section. After all, why would those stocks have the most viewed disclosures if the viewers didn’t find anything interesting that might influence the price action?

So, I’d like to show you the Market Sentiment Index rating of these 5 stocks with the most viewed disclosures as of 7:15 AM Philippine time on October 24, 2022.

DITO CME Holdings Corp.
Aboitiz Power Corporation
Figaro Coffee Group
Globe Telecom
Premiere Horizon Alliance 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 most of the top 10 brokers are not showing signs of interest yet?”

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

Make sure that you check the date and timestamp on the charts to know the date coverage of the data used.

Metro Pacific Investments Corporation

Market Sentiment Index: BEARISH
7 of the 16 participating brokers, or 43.75% of all participants, registered a positive Net Amount
6 of the 16 participating brokers, or 37.50% of all participants, registered a higher Buying Average than Selling Average
16 Participating Brokers’ Buying Average: ₱3.60880
16 Participating Brokers’ Selling Average: ₱3.62657
6 out of 16 participants, or 37.50% of all participants, registered a 100% BUYING activity
7 out of 16 participants, or 43.75% of all participants, registered a 100% SELLING activity

Megaworld Corporation

Market Sentiment Index: BEARISH
6 of the 19 participating brokers, or 31.58% of all participants, registered a positive Net Amount
9 of the 19 participating brokers, or 47.37% of all participants, registered a higher Buying Average than Selling Average
19 Participating Brokers’ Buying Average: ₱2.08232
19 Participating Brokers’ Selling Average: ₱2.08668
5 out of 19 participants, or 26.32% of all participants, registered a 100% BUYING activity
6 out of 19 participants, or 31.58% of all participants, registered a 100% SELLING activity

Shakey’s Pizza Asia Ventures

Market Sentiment Index: BULLISH
1 of the 2 participating brokers, or 50.00% of all participants, registered a positive Net Amount
1 of the 2 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
2 Participating Brokers’ Buying Average: ₱7.30000
2 Participating Brokers’ Selling Average: ₱7.30000
1 out of 2 participants, or 50.00% of all participants, registered a 100% BUYING activity
1 out of 2 participants, or 50.00% of all participants, registered a 100% SELLING activity

Ayala Land

Market Sentiment Index: BEARISH
21 of the 54 participating brokers, or 38.89% of all participants, registered a positive Net Amount
14 of the 54 participating brokers, or 25.93% of all participants, registered a higher Buying Average than Selling Average
54 Participating Brokers’ Buying Average: ₱26.36237
54 Participating Brokers’ Selling Average: ₱26.37845
7 out of 54 participants, or 12.96% of all participants, registered a 100% BUYING activity
21 out of 54 participants, or 38.89% of all participants, registered a 100% SELLING activity

Union Bank of the Philippines

Market Sentiment Index: BULLISH
2 of the 4 participating brokers, or 50.00% of all participants, registered a positive Net Amount
2 of the 4 participating brokers, or 50.00% of all participants, registered a higher Buying Average than Selling Average
4 Participating Brokers’ Buying Average: ₱77.73590
4 Participating Brokers’ Selling Average: ₱77.71960
1 out of 4 participants, or 25.00% of all participants, registered a 100% BUYING activity
1 out of 4 participants, or 25.00% of all participants, registered a 100% SELLING activity

Final Advice

Know that the Market Sentiment Index rating is just 1 of the 6 indicators that make up my Evergreen Strategy (my proprietary strategy in trading and investing in the Philippine stock market). If you want me to teach you the entirety of my strategy so you can trade independently and invest profitably, subscribe to my premium stock market consultancy service.

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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