3 PSEi Stocks: Bullish Oct '23 MTD Market Sentiment

If I want to know investors’ sentiment for any stock, I don’t go around social media groups and ask for their opinion. Instead, I go directly to the data that represent what actually happened. That’s more reliable and objective than soliciting what people “believe, feel, or think” happened, is happening, or will happen.

In this report, I’ll tell you which of the 30 Philippine Stock Exchange Index (PSEi) or bluechip stocks registered a bullish Market Sentiment Index rating involving data from October 2, 2023 to October 6, 2023.

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.

AGI

Market Sentiment Index: BULLISH
29 of the 39 participating brokers, or 74.36% of all participants, registered a positive Net Amount
25 of the 39 participating brokers, or 64.10% of all participants, registered a higher Buying Average than Selling Average
39 Participating Brokers’ Buying Average: ₱12.03137
39 Participating Brokers’ Selling Average: ₱12.11490
16 out of 39 participants, or 41.03% of all participants, registered a 100% BUYING activity
4 out of 39 participants, or 10.26% of all participants, registered a 100% SELLING activity

JFC

Market Sentiment Index: BULLISH
55 of the 74 participating brokers, or 74.32% of all participants, registered a positive Net Amount
47 of the 74 participating brokers, or 63.51% of all participants, registered a higher Buying Average than Selling Average
74 Participating Brokers’ Buying Average: ₱223.57119
74 Participating Brokers’ Selling Average: ₱224.06928
28 out of 74 participants, or 37.84% of all participants, registered a 100% BUYING activity
4 out of 74 participants, or 5.41% of all participants, registered a 100% SELLING activity

MBT

Market Sentiment Index: BULLISH
59 of the 77 participating brokers, or 76.62% of all participants, registered a positive Net Amount
47 of the 77 participating brokers, or 61.04% of all participants, registered a higher Buying Average than Selling Average
77 Participating Brokers’ Buying Average: ₱52.78479
77 Participating Brokers’ Selling Average: ₱53.17844
36 out of 77 participants, or 46.75% of all participants, registered a 100% BUYING activity
2 out of 77 participants, or 2.60% 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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