Top Ten Smart Money Moves – August 30, 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 30, 2018 Data)
Total Traded Value – PhP 6.332 Billion – Low
Advances Declines – (Ideal is 2:1) 99 Advances vs. 97 Declines = 1.02:1 Neutral
Total Foreign Buying PhP 3.293 Billion
Total Foreign Selling – (PhP 3.398) Billion
Net Foreign Buying (Selling) – (PhP 0.105) Billion – First day of Net Foreign Selling after 2 days of Net Foreign Buying
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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PHL stocks rebound ahead of MSCI rebalancing
August 30, 2018 | 9:00 pm
LOCAL EQUITIES staged a gradual climb on Thursday, as investors looked forward to the MSCI rebalancing on Friday and amid positive sentiment across international markets.
The 30-member Philippine Stock Exchange index (PSEi) rose 0.28% or 22.20 points to 7,853.16, bouncing back from the previous session’s decline. The broader all-shares index also firmed up by 0.21% or 10.04 points to 4,760.90.
“For our local bourse today, it is our view that it is still on consolidation mode still waiting for a major catalyst such a MSCI rebalancing which will take effect [on Friday],” Philstocks Financial, Inc. Research Associate Piper Chaucer Tan said in a text message on Thursday.
Mr. Tan added that there was positive sentiment on the back of the infrastructure push of the government.
The government unveiled last Tuesday P36.23 billion worth of large-scale flood control, road and railway projects which form part of the flagship infrastructure projects for 2019.
Most of the projects will be funded through a hybrid framework with initial funding by state budget or official development assistance for the construction phase, while opting for public-private partnerships for operation and maintenance.
Another analyst also attributed the performance to window dressing ahead of the last trading session of August.
“The local market closed slightly with early window dressing, with the Nasdaq surging to a new high and a possible soft Brexit as drivers [Thursday, August 30],” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message. A soft Brexit means that the United Kingdom will continue to maintain ties with the European Union.
Wall Street indices also advanced overnight, with the Dow Jones Industrial Average adding 0.23% or 60.55 points to 26,124.57. The S&P 500 index firmed up 0.57% or 16.52 points to 2,914.04, while the Nasdaq Composite index jumped 0.99% or 79.65 points to 8,109.69.
The PSEi bucked the slower performances of its regional counterparts, as fears over the trade war between the United States and China pulled down most Asian indices.
Back home, four sectors moved to positive territory, led by holding firms which rose 0.82% or 63.47 points to 7,737.48, followed by financials that gained 0.52% or 9.49 points to 1,821.68. Mining and oil went up 0.3% or 29.89 points to 9,952.63, while industrials increased 0.21% or 23.76 points to 11,287.06.
On the other hand, services dropped 0.27% or 4.26 points to 1,535.34, while property slipped 0.21% or 8.37 points to 3,951.05.
Some 1.25 billion issues valued at P6.33 billion switched hands, rising slightly from the previous session’s P6.21 billion.
Advancers outpaced decliners by a slim margin, 99 to 97, while 50 names remained unchanged.
Foreign investors reversed their buying position to record net sales of P105.35 million Thursday, August 30, versus Wednesday’s net inflow of P91.21 million. — 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.