Top Ten Smart Money Moves – August 22, 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 22, 2017 Data)
Total Traded Value – PhP 6.123 Billion – Low
Advances Declines – (Ideal is 2:1) 112 Declines vs. 91 Advances = 1.23:1 Neutral
Total Foreign Buying – PhP 3.391 Billion
Total Foreign Selling – (PhP 3.379) Billion
Net Foreign Buying (Selling) –PhP 0.012 Billion – tenth 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 flat in listless trading as ‘ghost month’ starts
August 23, 2017
LOCAL EQUITIES barely moved as the Aug. 22 to Sept. 19 Chinese “ghost month” began, with political noise and the peso’s continued weakness providing earthward pull yesterday.
The 30-member Philippine Stock Exchange index shed 0.8 of a point or 0.01% to close at 8,015.93, while the broader all-shares index edged up by 2.32 points or 0.04% to 4,737.16.
“(The) market (was) slightly down,” Regina Capital Development Corp. President Marita A. Limlingan said in a text message.
“Political noise as well as external factors ruled the day. There was lack of catalyst that would push market up,” she said, particularly citing the public outcry over a reinvigorated anti-drug war that has again claimed scores of lives, including that of a high- school student who was killed in suspicious circumstances as well as President Rodrigo R. Duterte’s decision to accept the resignation of embattled Customs Commissioner Nicanor E. Faeldon who has borne the brunt of blame for the smuggling in May of more than 600 kilograms of methamphetamine worth P6.4 billion.
Ms. Limlingan also attributed the market’s slump to the depreciation of the peso, which closed to a fresh 11-year low on Friday last week of P51.49 against the greenback. The local unit yesterday closed just 0.486% stronger at P51.24 to the dollar, but it was still 3.057% weaker from end-2016’s P49.72-per-dollar rate.
Other Asian markets were mostly up, with only Japan’s Nikkei 225 index shedding 0.05%. Japan’s TOPIX, Hong Kong’s Hang Seng, Shanghai-Shenzhen’s CSI 300, South Korea’s Kospi, the S&P/ASX 200 and MSCI AC Asia Pacific gained 0.06%, 0.91%, 0.30%, 0.44%, 0.42% and 0.03%, respectively.
The six Philippine sectoral indices were equally divided between those that gained and those that declined.
Those that increased consisted of mining and oil that advanced by 101.61 points or 0.79% to close 12,860.76, industrial firms that gained 55.98 points or 0.50% to 11,121.94 and holding firms that rose by 26.80 points or 0.34% to finish 7,858.22.
Those that declined consisted of the property sector that lost 28.17 points or 0.74% to end 3,761.21, services that dropped 2.55 points or 0.15% to 1,702.84 and financials which slipped by 2.01 points or 0.1% to 2,004.79.
A total of 921.44 million issues worth P6.12 billion changed hands, compared to last Friday’s turnover of 64.50 million shares worth P5.39 billion. Stocks that lost trumped those that gained 112 to 91, while 37 were unchanged.
Foreigners were net buyers for the 10th straight trading day, though volume was the smallest in that period at P12 million.
Stocks that gained included Universal Robina Corp., Metropolitan Bank & Trust Co., Jollibee Foods Corp. and Philweb Corp. that rose 0.67% to close P151 apiece, 1.37% to P89, 2.04% to P240 and by 17.18% to P11.12 each. Those that fell included SM Prime Holdings, Inc.; BDO Unibank, Inc. and Ayala Land, Inc. that lost 1.02% to end P34.10, 1.23% to P128.60 and 0.81% to P42.60 each. — Arra B. Francia
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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: firstname.lastname@example.org Subject: The Responsible Trader – Hard Copy.
As requested by those abroad and those who want the book in digital form, we have produced an eBook version. For those interested please send email to: email@example.com Subject: The Responsible Trader – eBook Version.
The book continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:
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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.