Top Ten Stocks Bought by Foreign Investors for the Week Oct 17-21,2011

In the previous blog, we discussed the top ten stocks sold by foreign investors. When I say sold by foreign investors, it means net trade. For example, Foreign investor 1 sold 1 million pesos worth of stocks of DMC while foreign investor 2 bought 500,000 pesos of DMC stocks. The difference of 500,000 pesos between the buyer and seller is called the net trade. Thus, when I say sold or bought by foreign investors, it means net trade.

I am posting the top ten stocks bought by foreign investors for the week Oct 17-21 for your own enjoyment and information.

Here you go.

TOP TEN STOCKS BOUGHT BY FOREIGN INVESTORS FOR THE WEEK(IN MILLIONS)
Ticker	17-Oct	18-Oct	19-Oct	20-Oct	21-Oct	TOTAL
MPI	(2.82)	36.45	8.96	(3.84)	(5.15)	33.59
MEG	(19.89)	5.82	38.44	15.62	1.79	41.77
MWC	5.61	(0.78)	25.62	7.68	20.96	59.08
DMC	14.47	60.74	26.73	(14.17)	11.99	99.75
SMC	30.75	37.91	16.69	4.64	15.41	105.41
ALI	17.15	8.75	55.21	7.66	18.95	107.73
PGOLD	20.95	50.58	36.78	1.03	1.10	110.45
URC	10.21	23.45	25.13	60.57	30.98	150.33
SM	26.81	72.67	92.10	30.49	61.55	283.62
TEL	20.16	31.88	18.01	125.79	91.74	287.59

Source: www2.pse.com.ph

Please go to the pse old website www2.pse.com.ph and then click the quotation reports tab for the information in the table above.

Aside from this, I am posting the stock price of these stocks. Please see below.

STOCK PRICE MOVEMENT FOR THE WEEK
Ticker	17-Oct	18-Oct	19-Oct	20-Oct	21-Oct	TREND
MPI	3.12	3.07	3.06	3.01	3.00	DOWN
MEG	1.81	1.78	1.85	1.86	1.92	UP
MWC	19.46	19.44	19.46	19.44	19.50	UP
DMC	38.15	37.50	38.00	37.05	37.60	DOWN
SMC	112.80	111.00	111.00	110.60	112.50	DOWN
ALI	16.16	15.90	15.98	15.90	15.88	DOWN
PGOLD	12.38	12.26	12.20	12.20	12.30	DOWN
URC	44.95	44.10	44.75	45.90	46.10	UP
SM	549.00	540.50	548.00	548.50	548.00	DOWN
TEL	2,200.00	2,204.00	2,214.00	2,216.00	2,232.00	UP

Source: www2.pse.com.ph

Kindly check the column trend in the table above. It is a mixed result of up and down stock prices. When I say trend, it means that stock price ended lower in Oct 21 than the stock price in Oct 17.

UP STOCKS: stocks bought by foreign investors move up in prices. Factor the demand of the Filipinos and you will have a sure winner. PGOLD IPO started Oct 5, 2011 and since then the stock has taken a beating and now is slowly taking back it's lost ground since plunging in it's IPO days. MEG is heavily affected by the recent panic stock and is slowly gaining its momentum. URC is one of the favorite of the foreign investors I think. TEL, the heavyweight stock will always be in the list of foreign investors.

DOWN STOCKS: Even if foreign investors bought these stocks, the share prices ended in red at the end of the week. One factor that contributed to the decline of the stock prices is that the traders took profit from the intraday high. DMC had climbed by more than 13% since the stock panic.