Top Ten Smart Money Moves – August 28, 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 August 28, 2018 Data)
Total Traded Value – PhP 7.650 Billion – Low
Advances Declines – (Ideal is 2:1) 112 Advances vs. 94 Declines = 1.19:1 Neutral
Total Foreign Buying PhP 4.430 Billion
Total Foreign Selling – (PhP 3.956) Billion
Net Foreign Buying (Selling) – PhP 0.474 Billion – First day of Net Foreign Buying after a day of Net Foreign Selling
Data from the Philippine Stock Exchange
Screenshot courtesy of 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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Stocks climb on improved volume, Wall Street
August 28, 2018 | 9:00 pm
LOCAL EQUITIES jumped on Tuesday, benefiting from the return of investors after a long weekend alongside gains recorded across international markets.
The bellwether Philippine Stock Exchange index (PSEi) climbed 1% or 78.14 points to 7,844.61 Tuesday, August 28, while the broader all-shares index likewise gained 0.64% or 30.31 points to 4,759.13.
“As largely anticipated, the local bourse cruised through Tuesday’s session entirely in green, driven by the return of both local and foreign participants to the market following the long break,” Regina Capital Development Corp. Investment Analyst Rens V. Cruz II said in a mobile message.
The main index reflected the positive finishes seen abroad, with the Dow Jones Industrial Average firming up 1.01% or 259.29 points to 26,049.64. The S&P 500 index edged higher by 0.77% or 22.05 points to 2,896.74, while the Nasdaq Composite index had an uptick of 0.91% or 71.92 points to 8,017.90.
Southeast Asian stock markets also edged higher on Tuesday as concerns over global trade war eased after the United States and Mexico made a deal to overhaul the North American Free Trade Agreement (NAFTA).
“Moreover, the optimism that spread across markets Tuesday, August 28, from the preliminary agreement between US and Mexico on NAFTA certainly set the tone for the local benchmark’s opening, while the return of domestic funds and investors buoyed trading throughout,” Mr. Cruz added.
Papa Securities Corp. trader Gabriel Jose F. Perez also attributed the PSEi’s increase to optimism in international markets.
“Recall that US markets surged [on Monday], with the S&P 500 and the Nasdaq even making new highs, on the back of developing news on a trade deal between the US and Mexico,” Mr. Perez said in an e-mail.
Back home, most sectoral indices stayed in positive territory, led by the mining and oil sector which rose 1.84% or 181.59 points to 10,018.40. Financials followed with a 1.67% increase or 30.11 points to 1,827.17, while holding firms went up 0.9% or 68.71 points to 7,677.39.
Property also increased 0.76% or 29.91 points to 3,935.01, while industrials added 0.59% or 67.53 points to 11,333.34.
The services counter was the lone sub-index that ended in the red, albeit with a minimal loss of 0.01% or 0.19 point to 1,546.15.
Some 1.55 billion issues valued at P7.65 billion switched hands, up slightly from Friday’s P7.22 billion. Advancers outpaced decliners, 112 to 94, while 38 issues remained flat.
Foreign investors returned to the market, with net purchases reaching P474.40 million versus a net outflow worth P398.89 million in the previous session.
“Moving forward, we anticipate developments from US markets [on Tuesday] which might have a hand again in how our index fares [on Wednesday]. Look out as well for foreign flows as these have recently dictated the PSEi’s movement,” Mr. Perez said. — Arra B. Francia with Reuters
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In line with our VISION, A RESPONSIBLE IN EVERY FILIPINOS HOME, we aim to continue promoting financial literacy on the area of stock market trading and investing to our countrymen both here and abroad through the following:
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.