Are you curious about what the participating brokers, especially the top 10 brokers of each stock, think about the 30 Philippine blue-chip stocks this month from April 1, 2024 to April 26, 2024?
Do you need a data-driven reason that will back your next move? This report might just be what you’re looking for.
Before I show you the month-to-date Market Sentiment Index ratings and charts for the 30 Philippine Stock Exchange Index stocks, you need to understand first what my Market Sentiment Index indicator is and why I developed it.
Use of the Market Sentiment Index Indicator
I am using my proprietary Market Sentiment Index indicator to identify the overall mood of all trading participants, especially 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 on how I use it depending on the situation.
Scenario 1
Let’s say the stock’s last price is still moving above your trailing stop and the volume-weighted average price (VWAP).
You want to top up, but you saw a relatively huge Net Foreign Selling. Now you’re half-hearted about continuing your plan to top up even though the last price is higher than the VWAP.
However, you saw that the Market Sentiment Index is bullish. That means the majority of the top 10 brokers bought the dips.
That gives you the confidence to pursue your plan to top up then.
Scenario 2
Let’s say your trailing stop is still intact. However, the current volume is lower than 50% of the stock’s 10-day volume average.
Now, you’re torn between preempting your trailing stop (selling even before it gets hit) and holding your position.
But you see that the Market Sentiment Index is bullish.
That may 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.
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 stock is trading below its 10-day simple moving average?”
But seeing that the Market Sentiment Index is bearish, you decided not to pursue the plan to mimic what the foreign investors are doing.
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 that you know what my Market Sentiment Index is for, I’ll show you now the month-to-date Market Sentiment Index ratings for the 30 PSEi stocks.
Month-to-Date Market Sentiment Index Rating for the 30 PSEi Stocks
AC
Market Sentiment Index: BULLISH
67 of the 100 participating brokers, or 67.00% of all participants, registered a positive Net Amount
51 of the 100 participating brokers, or 51.00% of all participants, registered a higher Buying Average than Selling Average
100 Participating Brokers’ Buying Average: ₱604.65812
100 Participating Brokers’ Selling Average: ₱614.35365
25 out of 100 participants, or 25.00% of all participants, registered a 100% BUYING activity
3 out of 100 participants, or 3.00% of all participants, registered a 100% SELLING activity
ACEN
Market Sentiment Index: BULLISH
58 of the 94 participating brokers, or 61.70% of all participants, registered a positive Net Amount
52 of the 94 participating brokers, or 55.32% of all participants, registered a higher Buying Average than Selling Average
94 Participating Brokers’ Buying Average: ₱3.54726
94 Participating Brokers’ Selling Average: ₱3.52915
11 out of 94 participants, or 11.70% of all participants, registered a 100% BUYING activity
5 out of 94 participants, or 5.32% of all participants, registered a 100% SELLING activity
AEV
Market Sentiment Index: BULLISH
61 of the 81 participating brokers, or 75.31% of all participants, registered a positive Net Amount
55 of the 81 participating brokers, or 67.90% of all participants, registered a higher Buying Average than Selling Average
81 Participating Brokers’ Buying Average: ₱41.98229
81 Participating Brokers’ Selling Average: ₱41.31982
23 out of 81 participants, or 28.40% of all participants, registered a 100% BUYING activity
1 out of 81 participants, or 1.23% of all participants, registered a 100% SELLING activity
AGI
Market Sentiment Index: BEARISH
32 of the 61 participating brokers, or 52.46% of all participants, registered a positive Net Amount
26 of the 61 participating brokers, or 42.62% of all participants, registered a higher Buying Average than Selling Average
61 Participating Brokers’ Buying Average: ₱9.81008
61 Participating Brokers’ Selling Average: ₱9.90585
10 out of 61 participants, or 16.39% of all participants, registered a 100% BUYING activity
5 out of 61 participants, or 8.20% of all participants, registered a 100% SELLING activity
ALI
Market Sentiment Index: BEARISH
94 of the 112 participating brokers, or 83.93% of all participants, registered a positive Net Amount
54 of the 112 participating brokers, or 48.21% of all participants, registered a higher Buying Average than Selling Average
112 Participating Brokers’ Buying Average: ₱28.63757
112 Participating Brokers’ Selling Average: ₱29.07430
22 out of 112 participants, or 19.64% of all participants, registered a 100% BUYING activity
3 out of 112 participants, or 2.68% of all participants, registered a 100% SELLING activity
BDO
Market Sentiment Index: BEARISH
60 of the 91 participating brokers, or 65.93% of all participants, registered a positive Net Amount
36 of the 91 participating brokers, or 39.56% of all participants, registered a higher Buying Average than Selling Average
91 Participating Brokers’ Buying Average: ₱149.13510
91 Participating Brokers’ Selling Average: ₱152.24238
13 out of 91 participants, or 14.29% of all participants, registered a 100% BUYING activity
5 out of 91 participants, or 5.49% of all participants, registered a 100% SELLING activity
BLOOM
Market Sentiment Index: BEARISH
45 of the 76 participating brokers, or 59.21% of all participants, registered a positive Net Amount
37 of the 76 participating brokers, or 48.68% of all participants, registered a higher Buying Average than Selling Average
76 Participating Brokers’ Buying Average: ₱10.38540
76 Participating Brokers’ Selling Average: ₱10.52592
14 out of 76 participants, or 18.42% of all participants, registered a 100% BUYING activity
7 out of 76 participants, or 9.21% of all participants, registered a 100% SELLING activity
BPI
Market Sentiment Index: BEARISH
26 of the 87 participating brokers, or 29.89% of all participants, registered a positive Net Amount
31 of the 87 participating brokers, or 35.63% of all participants, registered a higher Buying Average than Selling Average
87 Participating Brokers’ Buying Average: ₱118.26585
87 Participating Brokers’ Selling Average: ₱120.68487
6 out of 87 participants, or 6.90% of all participants, registered a 100% BUYING activity
11 out of 87 participants, or 12.64% of all participants, registered a 100% SELLING activity
CNPF
Market Sentiment Index: BEARISH
26 of the 58 participating brokers, or 44.83% of all participants, registered a positive Net Amount
21 of the 58 participating brokers, or 36.21% of all participants, registered a higher Buying Average than Selling Average
58 Participating Brokers’ Buying Average: ₱36.83982
58 Participating Brokers’ Selling Average: ₱36.94399
4 out of 58 participants, or 6.90% of all participants, registered a 100% BUYING activity
7 out of 58 participants, or 12.07% of all participants, registered a 100% SELLING activity
CNVRG
Market Sentiment Index: BEARISH
43 of the 85 participating brokers, or 50.59% of all participants, registered a positive Net Amount
35 of the 85 participating brokers, or 41.18% of all participants, registered a higher Buying Average than Selling Average
85 Participating Brokers’ Buying Average: ₱9.19232
85 Participating Brokers’ Selling Average: ₱9.29135
8 out of 85 participants, or 9.41% of all participants, registered a 100% BUYING activity
11 out of 85 participants, or 12.94% of all participants, registered a 100% SELLING activity
DMC
Market Sentiment Index: BEARISH
37 of the 91 participating brokers, or 40.66% of all participants, registered a positive Net Amount
30 of the 91 participating brokers, or 32.97% of all participants, registered a higher Buying Average than Selling Average
91 Participating Brokers’ Buying Average: ₱11.25886
91 Participating Brokers’ Selling Average: ₱11.61414
6 out of 91 participants, or 6.59% of all participants, registered a 100% BUYING activity
6 out of 91 participants, or 6.59% of all participants, registered a 100% SELLING activity
EMI
Market Sentiment Index: BEARISH
10 of the 42 participating brokers, or 23.81% of all participants, registered a positive Net Amount
19 of the 42 participating brokers, or 45.24% of all participants, registered a higher Buying Average than Selling Average
42 Participating Brokers’ Buying Average: ₱18.65329
42 Participating Brokers’ Selling Average: ₱18.60734
4 out of 42 participants, or 9.52% of all participants, registered a 100% BUYING activity
12 out of 42 participants, or 28.57% of all participants, registered a 100% SELLING activity
GLO
Market Sentiment Index: BEARISH
39 of the 84 participating brokers, or 46.43% of all participants, registered a positive Net Amount
38 of the 84 participating brokers, or 45.24% of all participants, registered a higher Buying Average than Selling Average
84 Participating Brokers’ Buying Average: ₱1742.44260
84 Participating Brokers’ Selling Average: ₱1743.77706
17 out of 84 participants, or 20.24% of all participants, registered a 100% BUYING activity
23 out of 84 participants, or 27.38% of all participants, registered a 100% SELLING activity
GTCAP
Market Sentiment Index: BEARISH
58 of the 84 participating brokers, or 69.05% of all participants, registered a positive Net Amount
36 of the 84 participating brokers, or 42.86% of all participants, registered a higher Buying Average than Selling Average
84 Participating Brokers’ Buying Average: ₱627.94424
84 Participating Brokers’ Selling Average: ₱644.12341
10 out of 84 participants, or 11.90% of all participants, registered a 100% BUYING activity
2 out of 84 participants, or 2.38% of all participants, registered a 100% SELLING activity
ICT
Market Sentiment Index: BEARISH
29 of the 80 participating brokers, or 36.25% of all participants, registered a positive Net Amount
25 of the 80 participating brokers, or 31.25% of all participants, registered a higher Buying Average than Selling Average
80 Participating Brokers’ Buying Average: ₱323.63614
80 Participating Brokers’ Selling Average: ₱325.87653
5 out of 80 participants, or 6.25% of all participants, registered a 100% BUYING activity
13 out of 80 participants, or 16.25% of all participants, registered a 100% SELLING activity
JFC
Market Sentiment Index: BULLISH
67 of the 93 participating brokers, or 72.04% of all participants, registered a positive Net Amount
55 of the 93 participating brokers, or 59.14% of all participants, registered a higher Buying Average than Selling Average
93 Participating Brokers’ Buying Average: ₱233.13040
93 Participating Brokers’ Selling Average: ₱233.25859
25 out of 93 participants, or 26.88% of all participants, registered a 100% BUYING activity
3 out of 93 participants, or 3.23% of all participants, registered a 100% SELLING activity
JGS
Market Sentiment Index: BULLISH
64 of the 89 participating brokers, or 71.91% of all participants, registered a positive Net Amount
55 of the 89 participating brokers, or 61.80% of all participants, registered a higher Buying Average than Selling Average
89 Participating Brokers’ Buying Average: ₱32.43969
89 Participating Brokers’ Selling Average: ₱32.31493
18 out of 89 participants, or 20.22% of all participants, registered a 100% BUYING activity
4 out of 89 participants, or 4.49% of all participants, registered a 100% SELLING activity
LTG
Market Sentiment Index: BEARISH
38 of the 67 participating brokers, or 56.72% of all participants, registered a positive Net Amount
32 of the 67 participating brokers, or 47.76% of all participants, registered a higher Buying Average than Selling Average
67 Participating Brokers’ Buying Average: ₱9.71139
67 Participating Brokers’ Selling Average: ₱9.77119
11 out of 67 participants, or 16.42% of all participants, registered a 100% BUYING activity
9 out of 67 participants, or 13.43% of all participants, registered a 100% SELLING activity
MBT
Market Sentiment Index: BEARISH
21 of the 100 participating brokers, or 21.00% of all participants, registered a positive Net Amount
22 of the 100 participating brokers, or 22.00% of all participants, registered a higher Buying Average than Selling Average
100 Participating Brokers’ Buying Average: ₱67.63214
100 Participating Brokers’ Selling Average: ₱68.48651
5 out of 100 participants, or 5.00% of all participants, registered a 100% BUYING activity
19 out of 100 participants, or 19.00% of all participants, registered a 100% SELLING activity
MER
Market Sentiment Index: BEARISH
35 of the 85 participating brokers, or 41.18% of all participants, registered a positive Net Amount
28 of the 85 participating brokers, or 32.94% of all participants, registered a higher Buying Average than Selling Average
85 Participating Brokers’ Buying Average: ₱353.46131
85 Participating Brokers’ Selling Average: ₱356.93607
9 out of 85 participants, or 10.59% of all participants, registered a 100% BUYING activity
13 out of 85 participants, or 15.29% of all participants, registered a 100% SELLING activity
MONDE
Market Sentiment Index: BEARISH
27 of the 81 participating brokers, or 33.33% of all participants, registered a positive Net Amount
31 of the 81 participating brokers, or 38.27% of all participants, registered a higher Buying Average than Selling Average
81 Participating Brokers’ Buying Average: ₱10.70791
81 Participating Brokers’ Selling Average: ₱10.79056
1 out of 81 participants, or 1.23% of all participants, registered a 100% BUYING activity
19 out of 81 participants, or 23.46% of all participants, registered a 100% SELLING activity
NIKL
Market Sentiment Index: BULLISH
40 of the 70 participating brokers, or 57.14% of all participants, registered a positive Net Amount
36 of the 70 participating brokers, or 51.43% of all participants, registered a higher Buying Average than Selling Average
70 Participating Brokers’ Buying Average: ₱3.94504
70 Participating Brokers’ Selling Average: ₱3.96221
17 out of 70 participants, or 24.29% of all participants, registered a 100% BUYING activity
6 out of 70 participants, or 8.57% of all participants, registered a 100% SELLING activity
PGOLD
Market Sentiment Index: BULLISH
59 of the 79 participating brokers, or 74.68% of all participants, registered a positive Net Amount
46 of the 79 participating brokers, or 58.23% of all participants, registered a higher Buying Average than Selling Average
79 Participating Brokers’ Buying Average: ₱24.55314
79 Participating Brokers’ Selling Average: ₱24.63238
29 out of 79 participants, or 36.71% of all participants, registered a 100% BUYING activity
6 out of 79 participants, or 7.59% of all participants, registered a 100% SELLING activity
SCC
Market Sentiment Index: BULLISH
61 of the 97 participating brokers, or 62.89% of all participants, registered a positive Net Amount
60 of the 97 participating brokers, or 61.86% of all participants, registered a higher Buying Average than Selling Average
97 Participating Brokers’ Buying Average: ₱31.88164
97 Participating Brokers’ Selling Average: ₱31.52474
14 out of 97 participants, or 14.43% of all participants, registered a 100% BUYING activity
3 out of 97 participants, or 3.09% of all participants, registered a 100% SELLING activity
SM
Market Sentiment Index: BEARISH
26 of the 83 participating brokers, or 31.33% of all participants, registered a positive Net Amount
21 of the 83 participating brokers, or 25.30% of all participants, registered a higher Buying Average than Selling Average
83 Participating Brokers’ Buying Average: ₱960.98213
83 Participating Brokers’ Selling Average: ₱972.54641
6 out of 83 participants, or 7.23% of all participants, registered a 100% BUYING activity
21 out of 83 participants, or 25.30% of all participants, registered a 100% SELLING activity
SMC
Market Sentiment Index: BEARISH
38 of the 70 participating brokers, or 54.29% of all participants, registered a positive Net Amount
28 of the 70 participating brokers, or 40.00% of all participants, registered a higher Buying Average than Selling Average
70 Participating Brokers’ Buying Average: ₱102.91647
70 Participating Brokers’ Selling Average: ₱103.70838
13 out of 70 participants, or 18.57% of all participants, registered a 100% BUYING activity
9 out of 70 participants, or 12.86% of all participants, registered a 100% SELLING activity
SMPH
Market Sentiment Index: BEARISH
71 of the 99 participating brokers, or 71.72% of all participants, registered a positive Net Amount
39 of the 99 participating brokers, or 39.39% of all participants, registered a higher Buying Average than Selling Average
99 Participating Brokers’ Buying Average: ₱29.58702
99 Participating Brokers’ Selling Average: ₱30.48177
21 out of 99 participants, or 21.21% of all participants, registered a 100% BUYING activity
2 out of 99 participants, or 2.02% of all participants, registered a 100% SELLING activity
TEL
Market Sentiment Index: BEARISH
28 of the 84 participating brokers, or 33.33% of all participants, registered a positive Net Amount
29 of the 84 participating brokers, or 34.52% of all participants, registered a higher Buying Average than Selling Average
84 Participating Brokers’ Buying Average: ₱1325.86606
84 Participating Brokers’ Selling Average: ₱1347.87340
8 out of 84 participants, or 9.52% of all participants, registered a 100% BUYING activity
14 out of 84 participants, or 16.67% of all participants, registered a 100% SELLING activity
URC
Market Sentiment Index: BEARISH
70 of the 94 participating brokers, or 74.47% of all participants, registered a positive Net Amount
45 of the 94 participating brokers, or 47.87% of all participants, registered a higher Buying Average than Selling Average
94 Participating Brokers’ Buying Average: ₱97.22680
94 Participating Brokers’ Selling Average: ₱99.09816
19 out of 94 participants, or 20.21% of all participants, registered a 100% BUYING activity
1 out of 94 participants, or 1.06% of all participants, registered a 100% SELLING activity
WLCON
Market Sentiment Index: BULLISH
50 of the 76 participating brokers, or 65.79% of all participants, registered a positive Net Amount
48 of the 76 participating brokers, or 63.16% of all participants, registered a higher Buying Average than Selling Average
76 Participating Brokers’ Buying Average: ₱16.65202
76 Participating Brokers’ Selling Average: ₱16.57210
19 out of 76 participants, or 25.00% of all participants, registered a 100% BUYING activity
4 out of 76 participants, or 5.26% of all participants, registered a 100% SELLING activity
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