Top Ten Smart Money Moves – August 29, 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 29, 2018 Data)
Total Traded Value – PhP 6.206 Billion – Low
Advances Declines – (Ideal is 2:1) 112 Declines vs. 81 Declines = 1.38:1 Neutral
Total Foreign Buying PhP 3.102 Billion
Total Foreign Selling – (PhP 3.011) Billion
Net Foreign Buying (Selling) – PhP 0.091 Billion – Second 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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Shares slump as market consolidates after rally
August 29, 2018 | 9:00 pm
SHARES SLUMPED on Wednesday as the local market paused for a break after rallying past the 7,800 level in previous days.
The benchmark Philippine Stock Exchange index (PSEi) went down 0.17% or 13.65 points to close at 7,830.96, in sync with most markets that ended flat in Wednesday’s session. The broader all-shares index also dropped 0.17% or 8.27 points to 4,750.86.
“It was more of a consolidation with a downward bias after market was up substantially for the past two days,” Diversified Securities, Inc. trader Aniceto K. Pangan said via text on Wednesday.
Mr. Pangan said Wednesday’s performance was also a reaction to hints of another rate hike by the United States Federal Reserve. The Fed has so far raised benchmark interest rates twice this year.
“With the US Fed’s intent to increase rates this September, investors went on profit taking thus was downed thru most of the trading session [Wednesday, August 29],” Mr. Pangan explained.
Regina Capital Development Corp. Managing Director Luis A. Limlingan attributed the decline to slower performances of international markets.
“Philippine markets took a bit of a breather due to muted US equity gains, with indexes closing off of intraday peaks,” Mr. Limlingan said in a separate message.
Wall Street indices ended the day flat, with the Dow Jones Industrial Average eking out gains of 0.06% or 14.38 points to 26,064.02. The S&P 500 index rose 0.03% or 0.78 point to 2,897.52, while the Nasdaq Composite index climbed 0.15% or 12.14 points to 8,030.04.
Most Asian indices also traded flat on Wednesday after jumping to record levels in the previous trading sessions.
Back home, the property sector was the lone sub-index that managed to post gains, adding 0.62% or 24.41 points to 3,959.42.
Mining and oil shed 0.95% or 95.66 points to 9,922.74, while financials slipped 0.82% or 14.98 points to 1,812.19. Industrials dropped 0.61% or 70.04 points to 11,263.30; services declined 0.42% or 6.55 points to 1,539.60; while holding firms lost 0.04% or 3.38 points to 7,674.01.
The market saw some 3.04 billion issues switch hands, resulting in a turnover of P6.21 billion, lower than Tuesday’s P7.65 billion.
Decliners trumped advancers, 112 to 81, while 51 stocks remained unchanged.
Foreign investors continued their buying spree, although net purchases slimmed to P91.21 million versus the P474.4-million net inflow posted in the previous session.
Fifteen of the 20 most actively traded stocks for the day ended in the red, with Aboitiz Equity Ventures, Inc. posting the largest loss at 2.78% to P52.50 each. Bloomberry Resorts Corp., Robinsons Retail Holdings, Inc., and GT Capital Holdings, Inc. also declined 1.21%, 1.25%, and 1.16%, respectively.
Metro Pacific Investments Corp. was the top gainer, as shares in the company jumped 3.16%, while San Miguel Corp. also gained 2.95%. — Arra B. Francia
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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.
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: ninjatrader19@gmail.com Subject: The Responsible Trader – eBook Version.
The book can also be ordered online through our publisher, Central Book Supply. Just go to: http://central.com.ph/bookstoreplus then click Search – The Responsible Trader.
2. The Website: :http://www.theresponsibletrader.com where we publish our daily newsletter Top Ten Smart Money Moves, Stock Trading Lessons, and Inspirational Materials. (FREE)
3. The YouTube Channel: https://www.youtube.com/theresponsibletrader – where you can learn the course “Master’s Certificate in Technical Analysis” which was simplified in an easily understood manner. You can download these videos and learn them at your own convenient time. (FREE)
4. My Slideshare: http://www.slideshare.net/TheResponsibleTrader – where you can view and download copy of the Powerpoint Presentation of my TRT-POV (The Responsible Trader’s Point of View) of the videos posted in our Youtube Channel. (FREE)
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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.