I got the list from PSE website under the Quotation Reports tab. Obviously, I painstakingly rearranged the stocks and their values just to get a clear idea on what stocks the foreigners are buying and selling for the day.
The amounts below are in pesos and it is the net value of the foreigners’ trade for the day. For example, Foreign Investor 1 sold 1 million pesos while foreign investor 2 bought 700,000 pesos. The 300,000 pesos difference is the net value of the foreigners’ trade for the day. This means that foreigners are dumping shares instead of accumulating.
I took the list of the top ten stocks sold by foreigners (foreigners’ net trade for the day). Here you go.
Name | Symbol | Foreign Selling Php |
INTL CONTAINER | ICT | (188,658,395.00) |
SAN MIGUEL CORP. | SMC | (185,244,724.00) |
ENERGY DEVT. | EDC | (83,595,923.00) |
PLDT | TEL | (71,937,210.00) |
SM INVESTMENTS | SM | (63,407,090.00) |
ABOITIZ POWER | AP | (53,947,675.00) |
LEPANTO B | LCB | (40,008,870.00) |
ALLIANCE GLOBAL | AGI | (39,494,505.00) |
SEMIRARA MINING | SCC | (36,446,233.00) |
JOLLIBEE | JFC | (34,649,754.50) |
The stock market is up today. So, maybe you wonder why these stocks are going up when in fact the foreign investors are dumping their shares.
Philippine stock market is now dominated by Filipinos. Majority of the investors are Filipinos.
Let us take a look at the amount of stocks that my beloved countrymen bought in these stocks. If you notice, the amounts of stocks bought by Filipinos are way more than the amount stocks sold by foreigners. Also, a theory can be made that while the foreigners are dumping their stocks today; Filipinos are accumulating them and piling up their investment on these stocks. The list below doesn't mean that these are the stocks being bought mostly by Filipinos. It is just a presentation of the top ten stocks sold by foreigners in comparison to the stocks bought by Filipinos.
Name | Symbol | Foreign Selling Php | Local Buying Php | Total Value |
INTL CONTAINER | ICT | (188,658,395.00) | 472,290,585.00 | 283,632,190.00 |
SAN MIGUEL CORP. | SMC | (185,244,724.00) | 460,653,809.00 | 275,409,085.00 |
ENERGY DEVT. | EDC | (83,595,923.00) | 260,859,073.00 | 177,263,150.00 |
PLDT | TEL | (71,937,210.00) | 446,303,070.00 | 374,365,860.00 |
SM INVESTMENTS | SM | (63,407,090.00) | 264,712,020.00 | 201,304,930.00 |
ABOITIZ POWER | AP | (53,947,675.00) | 258,299,615.00 | 204,351,940.00 |
LEPANTO B | LCB | (40,008,870.00) | 175,261,500.00 | 135,252,630.00 |
ALLIANCE GLOBAL | AGI | (39,494,505.00) | 201,889,745.00 | 162,395,240.00 |
SEMIRARA MINING | SCC | (36,446,233.00) | 167,079,912.00 | 130,633,679.00 |
JOLLIBEE | JFC | (34,649,754.50) | 133,867,070.00 | 99,217,315.50 |
The amount bought by Filipinos is my assumption. It is based on my calculation below. The value column below is the total traded value of the stock. In simple mathematics, total traded value less foreign traded value = local trade value.
Check the image below which I cut from the PSE reports. In the report, you will not see the value bought by Filipinos. Based on the available information, I needed to do some simple mathematics to get a “rough” idea on the bulk of the Filipino buyers.
Bottom-line:
We are the major movers of our stock market. Foreigners investments will affect our stock market but not in a big way.
I’ve been an OFW for more than five years now and imagine if other OFWs will follow suit in investing in stock market. Maybe just maybe, our stock market will be owned by Filipinos with 90% ownership of the trade being made. I’m optimistic about it, I am.
Sulong Pilipino!
