In this report, I’d like to feature the 5 most active stocks according to turnover value as of closing on October 4, 2022.
- Int’l Container Terminal Services, Inc.
- BDO Unibank, Inc.
- SM Investments Corporation
- Ayala Land, Inc.
- San Miguel 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!
Int’l Container Terminal Services, Inc.
Market Sentiment Index: BULLISH
29 of the 45 participating brokers, or 64.44% of all participants, registered a positive Net Amount
25 of the 45 participating brokers, or 55.56% of all participants, registered a higher Buying Average than Selling Average
45 Participating Brokers’ Buying Average: ₱165.26674
45 Participating Brokers’ Selling Average: ₱165.17916
15 out of 45 participants, or 33.33% of all participants, registered a 100% BUYING activity
6 out of 45 participants, or 13.33% of all participants, registered a 100% SELLING activity
BDO Unibank, Inc.
Market Sentiment Index: BULLISH
37 of the 58 participating brokers, or 63.79% of all participants, registered a positive Net Amount
31 of the 58 participating brokers, or 53.45% of all participants, registered a higher Buying Average than Selling Average
58 Participating Brokers’ Buying Average: ₱112.61333
58 Participating Brokers’ Selling Average: ₱112.73617
20 out of 58 participants, or 34.48% of all participants, registered a 100% BUYING activity
8 out of 58 participants, or 13.79% of all participants, registered a 100% SELLING activity
SM Investments Corporation
Market Sentiment Index: BEARISH
18 of the 57 participating brokers, or 31.58% of all participants, registered a positive Net Amount
19 of the 57 participating brokers, or 33.33% of all participants, registered a higher Buying Average than Selling Average
57 Participating Brokers’ Buying Average: ₱775.45235
57 Participating Brokers’ Selling Average: ₱782.86227
9 out of 57 participants, or 15.79% of all participants, registered a 100% BUYING activity
24 out of 57 participants, or 42.11% of all participants, registered a 100% SELLING activity
Ayala Land, Inc.
Market Sentiment Index: BEARISH
34 of the 72 participating brokers, or 47.22% of all participants, registered a positive Net Amount
34 of the 72 participating brokers, or 47.22% of all participants, registered a higher Buying Average than Selling Average
72 Participating Brokers’ Buying Average: ₱23.79255
72 Participating Brokers’ Selling Average: ₱23.88902
20 out of 72 participants, or 27.78% of all participants, registered a 100% BUYING activity
16 out of 72 participants, or 22.22% of all participants, registered a 100% SELLING activity
San Miguel Corporation
Market Sentiment Index: BULLISH
17 of the 33 participating brokers, or 51.52% of all participants, registered a positive Net Amount
18 of the 33 participating brokers, or 54.55% of all participants, registered a higher Buying Average than Selling Average
33 Participating Brokers’ Buying Average: ₱96.62343
33 Participating Brokers’ Selling Average: ₱96.65265
11 out of 33 participants, or 33.33% of all participants, registered a 100% BUYING activity
10 out of 33 participants, or 30.30% 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.
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