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 12:00 Pm Philippine time on September 27, 2022.
The data I’ll use is the data as of the end of trading on September 27, 2022.
- DMCI Holdings
- Ayala Corporation
- DITO CME Holdings Corp.
- Globe Telecom
- Leisure and Resorts World 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!
DMCI Holdings
Market Sentiment Index: BULLISH
18 of the 37 participating brokers, or 48.65% of all participants, registered a positive Net Amount
18 of the 37 participating brokers, or 48.65% of all participants, registered a higher Buying Average than Selling Average
37 Participating Brokers’ Buying Average: ₱9.93801
37 Participating Brokers’ Selling Average: ₱9.95600
12 out of 37 participants, or 32.43% of all participants, registered a 100% BUYING activity
10 out of 37 participants, or 27.03% of all participants, registered a 100% SELLING activity
Ayala Corporation
Market Sentiment Index: BULLISH
60 of the 72 participating brokers, or 83.33% of all participants, registered a positive Net Amount
52 of the 72 participating brokers, or 72.22% of all participants, registered a higher Buying Average than Selling Average
72 Participating Brokers’ Buying Average: ₱652.78798
72 Participating Brokers’ Selling Average: ₱653.48227
38 out of 72 participants, or 52.78% of all participants, registered a 100% BUYING activity
3 out of 72 participants, or 4.17% of all participants, registered a 100% SELLING activity
DITO CME Holdings Corp.
Market Sentiment Index: BULLISH
25 of the 34 participating brokers, or 73.53% of all participants, registered a positive Net Amount
22 of the 34 participating brokers, or 64.71% of all participants, registered a higher Buying Average than Selling Average
34 Participating Brokers’ Buying Average: ₱2.99274
34 Participating Brokers’ Selling Average: ₱3.01428
16 out of 34 participants, or 47.06% of all participants, registered a 100% BUYING activity
3 out of 34 participants, or 8.82% of all participants, registered a 100% SELLING activity
Globe Telecom
Market Sentiment Index: BULLISH
24 of the 37 participating brokers, or 64.86% of all participants, registered a positive Net Amount
20 of the 37 participating brokers, or 54.05% of all participants, registered a higher Buying Average than Selling Average
37 Participating Brokers’ Buying Average: ₱2091.62422
37 Participating Brokers’ Selling Average: ₱2099.21930
14 out of 37 participants, or 37.84% of all participants, registered a 100% BUYING activity
7 out of 37 participants, or 18.92% of all participants, registered a 100% SELLING activity
Leisure and Resorts World Corporation
Market Sentiment Index: BULLISH
19 of the 38 participating brokers, or 50.00% of all participants, registered a positive Net Amount
17 of the 38 participating brokers, or 44.74% of all participants, registered a higher Buying Average than Selling Average
38 Participating Brokers’ Buying Average: ₱2.17159
38 Participating Brokers’ Selling Average: ₱2.20953
12 out of 38 participants, or 31.58% of all participants, registered a 100% BUYING activity
7 out of 38 participants, or 18.42% of all participants, registered a 100% SELLING activity
Need my help?
- Key Prices for PH Bluechip Stocks 30% Above 52-Week Low - June 4, 2024
- May 2024 Market Sentiment Rating of 30 PH Bluechip Stocks - June 3, 2024
- EquiTalks: ICT, BPI, AEV Updates – 5.29.2024 - May 29, 2024
