Top Ten Smart Money Moves – August 23, 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 23, 2017 Data)
Total Traded Value – PhP 5.702 Billion – Low
Advances Declines – (Ideal is 2:1) 99 Advances vs. 88 Declines = 1.13:1 Neutral
Total Foreign Buying – PhP 3.064 Billion
Total Foreign Selling – (PhP 3.392) Billion
Net Foreign Buying (Selling) –(PhP 0.328) Billion – first day of Net Foreign Selling after 10 days of Net Foreign Buying
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:
Shares end flat amid lack of market-moving news
August 24, 2017
By Arra B. Francia, Reporter
STOCKS traded sideways for lack of leads on Wednesday, causing the local barometer to fall below the 8,000 mark for the first time in six days.
The Philippine Stock Exchange index peaked at 8,028.90 before dropping 17.18 points or 0.21% to end 7,998.75, while the broader all-shares index barely moved as it ended 0.72 points or 0.01% down to 4,736.44.
“I think the market’s just doing… consolidation between 7,750 and 7,780 with a resistance of 8,100. So the market continues its medium-term consolidation, waiting for something more, waiting for a catalyst, some good news that can perk up demand,” Summit Securities, Inc. President Harry G. Liu said in a telephone interview yesterday.
The market saw 762.817 million shares worth P5.70 billion change hands, compared to Tuesday’s 921.44 million issues worth P6.12 billion.
Mr. Liu, however, would not blame the past two days’ listless trading on the Aug. 22 to Sept. 19 ghost month during which investors refrain from making big bets.
“Of course, people would say the ‘ghost month’ just started, but I don’t think the ghost month has anything to do with this recent situation except that some foreign fund managers are out-of-town vacation, so maybe when they get back there might be more activity,” Mr. Liu said.
Sought separately for comment, IB Gimenez Securities, Inc. equities analyst Joylin F. Telagen noted “there are just no market-moving news within the next two weeks.”
“I will expect PSEi to be bobbing just around 8,000 to add to really short trading days over the next two weeks,” she added.
Yesterday saw four of the six sectoral indices end with gains, mining and oil increasing by 92.82 points or 0.72% to 12,953.58, services rising by 8.52 points or 0.5% to 1,711.36, property climbing 12.64 points or 0.33% to 3,773.85 and industrial firms adding 17.66 points or 0.15% to finish 11,139.6.
Two remaining two subindices ended in the red, with holding firms declining by 44.59 points or 0.56% to 7,813.63 and financials dumping 4.27 points or 0.21% to close 2,000.52.
Shares that advanced outnumbered those that declined by 99 to 88, while 59 issues were unchanged.
Foreign investors snapped their 10-day buying streak on Wednesday, taking a net selling position at P327.87 million. In comparison, Tuesday’s net foreign buying amounted to P12 million — the smallest volume in 10 days.
Stocks that declined yesterday included International Container Terminal Services, Inc.; GT Capital Holdings, Inc. and BDO Unibank, Inc. whose prices fell by 0.47% to P105.50 apiece, 0.88% to P1,120, and by 0.54% to P127.90.
Those that increased included SM Prime Holdings, Inc.; Nickel Asia Corp. and Bloomberry Resorts Corp. that gained 1.32% to P34.55 each, 6.16% to P6.89, and by 1.58% to P10.28 apiece.
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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.