MTD Market Sentiment Ratings of 5 Bluechips with Highest Net Foreign Buying on October 6, 2023

Here are the five Philippine bluechips with the biggest Net Foreign Buying as of end of trading on October 6, 2023. Aside from giving you this list, I’ll also share with you their month-to-date Market Sentiment Index rating concerning data from October 2 to 6.

Understanding Market Sentiment

The Market Sentiment Index indicator discussed in this report is my proprietary creation, and I am the sole authority on its methodology for determining bearish and bullish ratings, as well as the specific criteria it considers.

The market sentiment helps me estimate if the prevailing direction of the share price is likely to continue or reverse.

For example, if the stock is in a downtrend and the prevailing market sentiment is bearish, it means the downtrend is likely to continue.

If the stock is in a downtrend, but the market sentiment turns bullish, it’s a sign that investors might see a bullish reversal.

Again, and again, notice the adverbs I’m using – “likely” and “might”. We’re still talking about probabilities and not certainties.

Still, it’s better to be data-driven and be proven wrong by the market than make decisions based on gut feeling alone. The former gives you the opportunity to optimize something while the latter doesn’t.

This brief explanation of what and how my Market Sentiment Index works cannot paint the entire picture. You can only appreciate it fully if you understand the principles behind it. If your portfolio’s size is more than P1 million, you may consider enrolling yourself to my online one-on-one masterclass. For four straight hours, I’ll teach you my entire stock investment strategy so you’ll know how I preserve my capital, protect gains, and prevent unbearable losses.

At Equilyst Analytics, you can:

SM Prime Holdings (SMPH)

Market Sentiment Index: BEARISH
42 of the 72 participating brokers, or 58.33% of all participants, registered a positive Net Amount
29 of the 72 participating brokers, or 40.28% of all participants, registered a higher Buying Average than Selling Average
72 Participating Brokers’ Buying Average: ₱30.09726
72 Participating Brokers’ Selling Average: ₱30.32017
16 out of 72 participants, or 22.22% of all participants, registered a 100% BUYING activity
3 out of 72 participants, or 4.17% of all participants, registered a 100% SELLING activity

BDO Unibank (BDO)

Market Sentiment Index: BEARISH
17 of the 60 participating brokers, or 28.33% of all participants, registered a positive Net Amount
14 of the 60 participating brokers, or 23.33% of all participants, registered a higher Buying Average than Selling Average
60 Participating Brokers’ Buying Average: ₱139.70678
60 Participating Brokers’ Selling Average: ₱140.22794
2 out of 60 participants, or 3.33% of all participants, registered a 100% BUYING activity
15 out of 60 participants, or 25.00% of all participants, registered a 100% SELLING activity

Century Pacific Food (CNPF)

Market Sentiment Index: BEARISH
15 of the 42 participating brokers, or 35.71% of all participants, registered a positive Net Amount
14 of the 42 participating brokers, or 33.33% of all participants, registered a higher Buying Average than Selling Average
42 Participating Brokers’ Buying Average: ₱28.67341
42 Participating Brokers’ Selling Average: ₱28.95500
8 out of 42 participants, or 19.05% of all participants, registered a 100% BUYING activity
6 out of 42 participants, or 14.29% of all participants, registered a 100% SELLING activity

ACEN Corporation (ACEN)

Market Sentiment Index: BEARISH
32 of the 78 participating brokers, or 41.03% of all participants, registered a positive Net Amount
31 of the 78 participating brokers, or 39.74% of all participants, registered a higher Buying Average than Selling Average
78 Participating Brokers’ Buying Average: ₱5.14832
78 Participating Brokers’ Selling Average: ₱5.16568
9 out of 78 participants, or 11.54% of all participants, registered a 100% BUYING activity
17 out of 78 participants, or 21.79% of all participants, registered a 100% SELLING activity

Manila Electric Company (MER)

Market Sentiment Index: BEARISH
19 of the 56 participating brokers, or 33.93% of all participants, registered a positive Net Amount
19 of the 56 participating brokers, or 33.93% of all participants, registered a higher Buying Average than Selling Average
56 Participating Brokers’ Buying Average: ₱368.15885
56 Participating Brokers’ Selling Average: ₱369.81071
9 out of 56 participants, or 16.07% of all participants, registered a 100% BUYING activity
15 out of 56 participants, or 26.79% of all participants, registered a 100% SELLING activity

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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