Top Ten Smart Money Moves – April 4, 2018
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 4, 2018 Data)
Total Traded Value – PhP 6.934 Billion – Low
Advances Declines – (Ideal is 2:1) 107 Declines vs. 103 Advances = 1.04:1 Neutral
Total Foreign Buying PhP 3.357 Billion
Total Foreign Selling – (PhP 3.514) Billion
Net Foreign Buying (Selling) PhP 0.057 Billion – first day of Net Foreign Buying after 9 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
Top Ten Gainers and Losers
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
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Index falls below 8,000 on JFC, US-China tension
April 4, 2018 | 6:33 pm
THE LOCAL BAROMETER fell on Wednesday, tracking the negative sentiment in regional markets, alongside the sell-off of shares in Jollibee Foods Corp. (JFC) after the government ordered the company to regularize its workers.
The Philippine Stock Exchange index (PSEi) ended below the 8,000 level today, April 4, dropping 0.63% or 51.05 points to close at 7,997.67.
The broader all-shares index also gave up 0.28% or 13.87 points to end at 4,858.03.
“We’re still seeing concerns regarding trade tensions between US and China. So I think we’re still feeling the possible implications. And we basically followed regional markets, the market just focused on that news,” AB Capital Securities, Inc. Senior Equity Analyst Lexter L. Azurin said in a phone interview today.
Most Asian indices edged lower on Wednesday’s close, primarily due to jitters caused by China’s latest response to the United States’ imposition of stricter trade restrictions on around $60 billion worth of Chinese goods.
A sell-off was also seen in shares in JFC, after the Department of Labor and Employment (DoLE) ordered the fastfood giant to regularize 6,482 workers deployed by two JFC contractors. DoLE also ordered the regularization of 704 workers in burger chain Burger King, to which JFC holds the master franchise.
“Philippine markets sold off heavily in the afternoon after news that DoLE ordered to regularize over 6,000 work force in Jollibee’s management. Not only was this limited to Jollibee, but many other companies that would be affected were suddenly sold down,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said.
This development pulled down the price of JFC stocks by 3.85% to close at P285 each.
Four sectoral counters moved to negative territory, led by services, which ended 1.08% or 18.14 points lower to 1,658.47. Holding firms declined 0.82% or 66.06 points to 7,980.61; financials slipped 0.69% or 14.29 points to 2,044.91, while industrials dropped 0.53% or 61.19 points to 11,310.09.
On the other hand, the mining and oil counter jumped 2.05% or 230.06 points to 11,438.13, while property gained 0.13% or 4.80 points to 3,687.54.
Some 1.67 billion issues exchanged hands for a value turnover of P6.93 billion, slightly higher than Tuesday’s turnover of P6.11 billion.
Decliners narrowly outpaced advancers, 107 to 103, while 46 issues were unchanged.
Foreign investors snapped a nine-day selling streak on Wednesday, posting net purchases of P57.46 million against net outflows of P238.61 million on Tuesday.
Meanwhile, Wall Street posted gains overnight as investors saw the slowdown in previous days as an opportunity to look for bargains. The Dow Jones Industrial Average added 1.65% to 24,033.36; the S&P 500 rallied 1.26% to 2,614.45; while the Nasdaq Composite index posted a 1.04% uptick to 6,941.28. — Arra B. Francia
Source: http://bworldonline.com/index-falls-below-8000-on-jfc-us-china-tension/
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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/. For those interested in the hard copy, please send email to: ninjatrader919@gmail.com Subject: The Responsible Trader – Hard Copy.
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Good luck on all your TRADES today.
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.
Starting with August 11, 2017 data we are including the Top Ten Gainers and Losers for a more comprehensive coverage of significant stock movements during the day.