Top Ten Smart Money Moves – April 24, 2017
Top Ten Smart Money Moves, starting January 2015, is the official trading newsletter of The Responsible Trader to promote his advocacy, Responsible Trading. This newsletter contains the previous day’s data from PSE, the Top Ten Foreign Buying and Selling, Top Ten in Total Traded Value, including Trading Notes based on the data of the previous day. This newsletter is given free to all the friends of The Responsible Trader and to members of the Facebook group and the other organizations where he is a member. For the previous issue where complete details about the newsletter was fully discussed, please refer to: Daily Top Tens October 17, 2014.
Trading Notes for Today – (Based on April 24, 2017 Data)
Total Traded Value – PhP 5.152 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 109 Declines vs. 84 Advances = 1.30:1 Neutral
Total Foreign Buying – PhP 2.254 Billion
Total Foreign Selling – (PhP 2.104 Billion)
Net Foreign Buying (Selling) – PhP 0.154 Billion – first day of Net Foreign Buying after 5 days of Net Foreign Selling
Data from the Philippine Stock Exchange
Screenshot courtesy of: www.pse.com.ph
PSE HEAT MAP
Screenshot courtesy of PSEGET
Top Ten Foreign Buying and Selling
Top Ten in Total Traded Value
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
Stocks up after French presidential election
Posted on April 25, 2017
LOCAL STOCKS rose slightly on Monday, as investors adopted a wait-and-see approach after the results of the first round of France’s presidential election and ahead of the Association of Southeast Asian Nations (ASEAN) Summit in Manila this week.
The bellwether index closed 0.14% or 10.72 points higher at 7,588.88. The broader all-shares index likewise ended 0.23% or 10.71 points up to 4,542.81.
“Philippine markets were in a wait-and-see mode,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said, citing the French elections as one of the international developments closely watched by investors.
Moderate candidate Emmanuel Macron won the first round, and is expected to beat far-right opponent Marine Le Pen in a run-off next month, easing global concerns on the future of the European Union.
Markets were looking at the French vote as a measure of populist sentiment, after the election of US President Donald J. Trump and Britain’s vote to leave the European Union last year.
“Elsewhere, US President Donald Trump promised to make an announcement about much anticipated tax reform next week, but it was not immediately clear how much he would reveal or what form it would take,” Mr. Limlingan said.
Local investors were also looking ahead to the Philippines’ hosting of the 30th ASEAN Summit this week.
“The market is still sideways in nature, it’s almost the same as last week. Traders are waiting for the information that would come out from the ASEAN summit,” Summit Securities President Harry G. Liu said in a phone interview.
Mr. Liu also cited the implementation of the tax reform program and the government’s infrastructure boost as the factors that will continue to affect trading this week.
SM Investments Corp. was one of the day’s most actively traded stocks, after it disclosed the completion of the acquisition of a 62.2% stake in Philippines Urban Living Solutions, Inc., the developer and operator of MyTown dormitories. Shares in SMIC slipped 0.21% to close at P709.50 apiece.
Sectoral counters were mostly up, with services leading the uptick at 0.61% or 9.71 points to close at 1,587.83 followed by financials which rose 0.41% or 7.72 points to 1,878.79; and industrial which increased 0.22% or 25.25 points to 11,294.04.
Holding firms barely moved, up 0.01% to 7,690.05.
The property counter, meanwhile, declined 0.39% or 13.15 points to 3,313.02, while mining and oil also fell 0.20% or 24.25 points to 11,955.13.
Decliners outpaced advancers, 109 to 84, while 52 issues remained unchanged.
Total value turnover was at P5.15 billion, as 2.19 billion shares changed hands. Overseas investors were net buyers of Philippine stocks, with net purchases of P153.94 million.
“For the resistance, that is within the range of 7,650 to 7,800. On the support side we have up till 7,500,” Mr. Liu said. — A.B. Francia
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DISCLAIMER There is a very high degree of risk involved in TRADING. Past results are not indicative of future returns. Nothing contained in this newsletter constitutes a solicitation, recommendation, PROMOTION or endorsement of any security. In accordance with the Responsible TRADER’s Creed: I will never tell and you take full responsibility for all your TRADING results
NOTES: Please take note of the following changes effective August 6, 2015: 1. Caption Market Breadth has been changed to Total Traded Value to simplify the presentation. 2. Market Breadth is expressed in terms of Number of Advances and Declines. Expressing this as a Ratio by using the larger number as Numerator we derive the Market Sentiment whether Bullish or Bearish. 3. Based on Past three-year data of Average Total Traded Values, following classifications will be used to make the presentation more relevant to present times. a. Low – Total Traded Value less than PhP 8 Billion b. Medium – Total Traded Value Php 8 Billion but not more than P15 Billion c. High – Total Traded Value more than Php 15 Billion