Top Ten Smart Money Moves – August 16, 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 August 16, 2017 Data)
Total Traded Value – PhP 12.738 Billion – Medium
Advances Declines Ratio – (Ideal is 2:1) 121 Advances vs. 68 Declines = 1.78:1 Neutral
Total Foreign Buying – PhP 3.407 Billion
Total Foreign Selling – (PhP 3.372) Billion
Net Foreign Buying (Selling) –PhP 0.035 Billion – seventh day of Net Foreign Buying after a day 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:
Stocks climb further on earnings, easing tensions
August 17, 2017
LOCAL EQUITIES climbed on Wednesday amid easing geopolitical tensions and as investors reacted to corporate results at the close of the earnings season.
The 30-member Philippine Stock Exchange index continued its ascent as it gained 0.46% or 37.18 points to close at 8,046.59 yesterday.
The broader all-shares index likewise rose 0.45% or 21.36 points to 4,751.09.
“Amid the silence on geopolitical concerns, we finally saw [first-half] earnings results drive the market,” RCBC Securities analyst Jeffrey Lucero said in a text message yesterday.
The market’s most actively traded stock was Jollibee Foods Corp. (JFC), which gained P14 or 6.22% to close at P239 apiece. “Jollibee, which reported 14% earnings growth earlier this week, accounted for a significant part of the market’s gains,” Mr. Lucero added.
The company’s attributable profit was up by 18.1% during the second quarter to P1.96 billion, bringing its first-half net income attributable to the parent to P3.49 billion.
Ayala Land, Inc. (ALI) joined the roster of most actively traded stocks as it climbed 10 centavos or 0.24% to P42.50 each. ALI recorded an 18% growth in its net income attributable to the parent to P5.95 billion during the second quarter.
“Philippine stocks traded higher despite a dull market coupled with low volume and a lack of conviction,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said.
“US stocks struggled for gains on Tuesday as investors scaled back buying after two straight sessions of advances amid better-than-expected retail sales and abatement of tensions between the United States and North Korea,” Mr. Limlingan said.
The Dow Jones Industrial Average was up 5.28 points or 0.02% to 21,998.99, the S&P 500 lost 1.23 points or 0.05% to 2,464.61 and the Nasdaq Composite dropped 7.22 points or 0.11% to 6,333.01.
All local sectoral indices ended in positive territory, with the mining and oil counter ending 2.38% or 299.68 points higher to 12,877.56. The industrials sub-index followed with a gain of 1% or 109.81 points to 11,069.63; property added 0.48% or 18.45 points to 3,799.76; holding firms rose 0.41% or 32.9 points to 7,915.96; services went up 0.25% or 4.3 points to 1,701; and financials inched up by 0.09% or 1.85 points to 1,998.63.
The market saw a total of 1.54 billion issues change hands for a value turnover of P12.74 billion, more than double the P4.79 billion recorded on Tuesday.
Advancers beat decliners, 121 to 68, while 55 issues were unchanged.
Net foreign buying continued, albeit narrowing to P34.68 million on Wednesday from the P197.52 million recorded the previous trading day.
Other Southeast Asian stock markets were subdued in line with Asia as tensions in the Korean peninsula simmered down a little. In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1% — Arra B. Francia with Reuters
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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.
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.