Market Sentiment: 4 Service Stocks with Net Foreign Buying

The Only 4 Service Stocks With a Positive Net Foreign

If you haven’t read Impact of Foreign Investors in the Philippine Stock Market, I highly recommend that you read it first so you’ll understand the significance of the information I’m sharing with you.

As of market closing on September 4, 2023, only four Service stocks the Philippine Stock Exchange registered a positive net foreign.

In addition to mentioning the stocks, I’d also like to share with you the overall market sentiment of all participating brokers as of today’s closing per stock.

The market sentiment also 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.

AllDay Marts (ALLDY)

Net Foreign: P14,070.00

Market Sentiment Index: BEARISH
4 of the 14 participating brokers, or 28.57% of all participants, registered a positive Net Amount
3 of the 14 participating brokers, or 21.43% of all participants, registered a higher Buying Average than Selling Average
14 Participating Brokers’ Buying Average: ₱0.17368
14 Participating Brokers’ Selling Average: ₱0.17351
3 out of 14 participants, or 21.43% of all participants, registered a 100% BUYING activity
9 out of 14 participants, or 64.29% of all participants, registered a 100% SELLING activity

AllHome Corporation (HOME)

Net Foreign: P20,150.00

Market Sentiment Index: BULLISH
4 of the 6 participating brokers, or 66.67% of all participants, registered a positive Net Amount
4 of the 6 participating brokers, or 66.67% of all participants, registered a higher Buying Average than Selling Average
6 Participating Brokers’ Buying Average: ₱1.55850
6 Participating Brokers’ Selling Average: ₱1.56497
3 out of 6 participants, or 50.00% of all participants, registered a 100% BUYING activity
0 out of 6 participants, or 0.00% of all participants, registered a 100% SELLING activity

MacroAsia Corporation (MAC)

Net Foreign: P788,190.00

Market Sentiment Index: BEARISH
6 of the 15 participating brokers, or 40.00% of all participants, registered a positive Net Amount
4 of the 15 participating brokers, or 26.67% of all participants, registered a higher Buying Average than Selling Average
15 Participating Brokers’ Buying Average: ₱3.73899
15 Participating Brokers’ Selling Average: ₱3.76775
2 out of 15 participants, or 13.33% of all participants, registered a 100% BUYING activity
2 out of 15 participants, or 13.33% of all participants, registered a 100% SELLING activity

PLDT (TEL)

Net Foreign: P8,887,990.00
Market Sentiment Index: BULLISH
24 of the 37 participating brokers, or 64.86% of all participants, registered a positive Net Amount
22 of the 37 participating brokers, or 59.46% of all participants, registered a higher Buying Average than Selling Average
37 Participating Brokers’ Buying Average: ₱1186.14418
37 Participating Brokers’ Selling Average: ₱1187.47291
17 out of 37 participants, or 45.95% of all participants, registered a 100% BUYING activity
6 out of 37 participants, or 16.22% of all participants, registered a 100% SELLING activity

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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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