Top Ten Smart Money Moves – April 25, 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 25, 2017 Data)
Total Traded Value – PhP 8.309 Billion – Medium
Advances Declines Ratio – (Ideal is 2:1) 113 Advances vs. 73 Declines = 1.55:1 Neutral
Total Foreign Buying – PhP 4.627 Billion
Total Foreign Selling – (PhP 3.175 Billion)
Net Foreign Buying (Selling) – PhP 1.452 Billion – 2nd 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:
PSEi soars to six-month high as marts turn bullish
Posted on April 26, 2017
THE Philippine Stock Exchange index (PSEi) soared to a six-month high on Tuesday, reflecting the stronger finish of international markets at the start of the week.
The local barometer climbed 1.47% or 111.58 points to 7,700.46 on Tuesday.
Yesterday’s finish was the bellwether PSEi’s best showing in six months or since it closed at 7,713.32 last Oct. 20, 2016.
The broader all-shares index likewise rose 1.19% or 54.07 points to end at 4,596.88.
“The market’s strength spread broadly as we saw gains across all sectors. External bullish sentiment brought by upbeat US and global markets pushed the PSEi to record a good close at 7,700,” AP Securities, Inc. equity trader Frank Gerard J. Barboza said.
US stocks rallied on Monday, tracking a relief rally that swept through Asian and European markets, after centrist candidate Emmanuel Macron won the first round of the French presidential election versus right-wing rival Marine Le Pen.
The Dow Jones Industrial Average rose 216.13 points or 1.05% to 20,763.89; the S&P 500 gained 25.46 points or 1.08% to 2,374.15 and the Nasdaq Composite added 73.30 points or 1.24% to 5,983.82.
“Investors took a closer look at what’s happening between French presidential candidates Macron and Le Pen,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said.
All sectoral subindices ended in the green, with holding firms leading the rally, rising by 2% or 154.12 points to 7,844.17, followed by services which climbed 1.55% or 24.68 points to 1,612.51. The property counter gained 1.18% or 39.16 points to 3,352.18; industrial rose 1.10% or 124.79 points to 11,418.83; financials went up 0.94% or 17.70 points to 1,896.49; and mining and oil climbed 0.81% or 96.94 points to 12,052.07.
Advancers beat decliners, 113 to 73, while 57 issues remained unchanged. Value turnover stood at P8.31 billion as 2.67 shares exchanged hands, up from Monday’s P5.15 billion.
Net foreign buying ballooned to P1.45 billion on Tuesday from just P153.94 million the previous session.
“Looks like we’re going to see the index shine bright among the Asian markets as the ASEAN (Association of Southeast Asian Nations) Summit draws the eyes of the international investment community to the country,” AP Securities’ Mr. Barboza said.
Most Southeast Asian shares rose on Tuesday with Indonesia hitting a record high as regional markets joined a relief rally in global stocks after a centrist victory in the first round of the French presidential election saw renewed appetite for risky assets.
Global stocks started off the week with gains while safe-haven assets including the yen and gold remained under pressure.
“Asian markets appear to be still lingering in the glow of relief after the French election. The jubilance in markets overnight has also added to the optimism,” said Jingyi Pan, market strategist at IG in Singapore. — A.B. Francia with Reuters
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1. The Book: “The Responsible Trader – a Thinking Person’s Guide for Trading the Philippine Stock Market” now earned the name “The Bible of Philippine Trading.” You can download Chapter 1, Section 1 of the book here: http://theresponsibletrader.com/the-responsible-trader-hope-for-trading-knowledge-test/.
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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