Dominant Prices: 7 Stocks With Over P1 Million Net Foreign Buying (9.20.2023)

As of closing of trading on September 20, 2023, only seven (7) Philippine stocks registered a Net Foreign Buying worth more than P1 million.

Read “Impact of Foreign Investors in the Philippine Stock Market” to know more about foreign investors’ role in the Philippine stock market.

In this informational article, I’ll also show you my Dominant Range Index rating and the dominant prices of the seven stocks.

The dominant prices are either a standalone price or a range of prices with the highest volume and the greatest number of trades.

Imagine you’re on the verge of buying the stock. If the dominant prices are closer to the intraday low than the intraday high, will you rush into buying, or will you wait a bit longer because the price is likely to continue moving downward?

Now, consider you’re about to realize your gains, even though your trailing stop is still in place. If the dominant prices are closer to the intraday high than the intraday low, will you rush into selling, or will you wait a bit longer because the price is likely to continue moving upward?

Picture this: it’s been 60 minutes since the opening bell. If the current price is at the intraday high itself, but the dominant prices include the intraday low, wouldn’t that make you question the sustainability of the intraday bullishness?

I’ve only presented you with three scenarios where understanding the location of the dominant prices is useful in decision-making. There’s a lot more we can discuss in my stock investment consultancy service. Learn about the requirements here.

Semirara Mining and Power Corporation (SCC)

Dominant Range Index: BEARISH
Last Price: 35.25
VWAP: 35.12
Dominant Range: 34.95 – 35.25

East West Banking Corporation (EW)

Dominant Range Index: BULLISH
Last Price: 9.08
VWAP: 8.98
Dominant Range: 9.08 – 9.08

GT Capital Holdings (GTCAP)

Dominant Range Index: BEARISH
Last Price: 570
VWAP: 562.80
Dominant Range: 556 – 570

Puregold Price Club (PGOLD)

Dominant Range Index: BULLISH
Last Price: 28.9
VWAP: 28.77
Dominant Range: 28.9 – 28.9

Wilcon Depot (WLCON)

Dominant Range Index: BEARISH
Last Price: 21.85
VWAP: 21.87
Dominant Range: 21.85 – 21.85

Manila Electric Company (MER)

Dominant Range Index: BULLISH
Last Price: 362.4
VWAP: 360.82
Dominant Range: 362.4 – 362.4

MacroAsia Corporation (MAC)

Dominant Range Index: BEARISH
Last Price: 3.96
VWAP: 3.95
Dominant Range: 3.95 – 3.95

Which of These 7 Philippine Stocks Do You Have?

What’s your decision now that you’ve known this information? Let me know in the comments.

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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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