Top Ten Smart Money Moves – August 30, 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 30, 2017 Data)
Total Traded Value – PhP 5.875 Billion – Low
Advances Declines – (Ideal is 2:1) 101 Declines vs. 91 Advances = 1:11 Neutral
Total Foreign Buying – PhP 3.069 Billion
Total Foreign Selling – (PhP 3.116) Billion
Net Foreign Buying (Selling) –(PhP 0.056) Billion – 2nd day of Net Foreign Selling after 2 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:
Local stocks rebound as North Korea fears ease
August 31, 2017
LOCAL EQUITIES bounced back on Wednesday as investor concerns over ongoing geopolitical tensions with Japan, North Korea, and the US eased.
The bellwether Philippine Stock Exchange index rose 0.10% or 8.34 points to close at 7,956.73 yesterday, slightly recovering from Tuesday’s drop following North Korea’s launching of a missile over Japan.
The broader all-shares index likewise inched up by 0.02% or 1.32 points to 4,722.
“Stocks shrugged off the North Korean missile launch and regained their footing to close higher on Wednesday,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message.
“I think what happened [on Tuesday] was a knee-jerk reaction because it surprised everyone even the big developed countries like the US. But at the end of the day it was nothing that created a panic or a crisis… The market accepted the situation and now is back to its sideways behavior,” Summit Securities, Inc. President Harry G. Liu said in a phone interview.
“So now the market is just waiting for a fundamental catalyst that will kick up 8,100 which I think in due time it’s more an upside market before the year ends,” Mr. Liu said.
Major US stock indexes also ended higher after recovering from steep early losses triggered by fears that hostilities in the Korean Peninsula could escalate.
Overnight, the Dow Jones Industrial Average rose 56.97 points or 0.26% to 21,865.37; the S&P 500 gained 2.06 points or 0.08% to 2,446.3 and the Nasdaq Composite added 18.87 points or 0.3% to 6,301.89.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose half a percent, taking cue from Wall Street’s higher close, as concerns about North Korea and Japan ebbed.
“Asian bourses may see some further stabilization if not recovery today as the risk-off concerns fade a little,” OCBC Bank said in a note.
Back home, four sectoral counters ended in the green, led by services, which booked an increase of 0.98% or 16.79 points to 1,714.89. The mining and oil sub-index followed, climbing 0.26% or 34.24 points to 13,152.79; holding firms rose 0.18% or 14.67 points to 7,852.15; and industrials gained 0.05% or 6.28 points to close at 11,025.13.
On the other hand, the financials counter declined by 0.47% or 9.37 points to 1,978.42 and property dropped 0.14% or 5.31 points to 3,728.29.
Value turnover stood at P5.87 billion yesterday, with 1.29 billion issues changing hands, down from Tuesday’s P6.87 billion.
“Volume was low moving into a US Labor Day Holiday,” Regina Capital’s Mr. Limlingan said.
Decliners outnumbered advancers, 101 to 91, while 53 names were unchanged.
Net foreign selling widened to P55.91 million on Wednesday from the P19.37 million recorded the previous day. — 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.