Top Ten Smart Money Moves – December 11, 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 December 11, 2017 Data)
Total Traded Value – PhP 5.850 Billion – Low
Advances Declines – (Ideal is 2:1) 91 Advances vs. 63 Declines = 1.44:1 Neutral
Total Foreign Buying – PhP 2.797 Billion
Total Foreign Selling – (PhP 2.805) Billion
Net Foreign Buying (Selling) – (PhP 0.008) Billion –7th day of Net Foreign Selling after a day 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:
Fitch upgrade cheer provides market lift
December 12, 2017
OPTIMISM over Fitch Ratings’ increase of the Philippines’ investment-grade credit score cured the bourse of initial weakness on Monday.
The Philippine Stock Exchange index (PSEi) climbed by 53.87 points or 0.65% to close 8,358.57 — its best finish in nine trading days — after opening the day 0.10% lower at 8,296.23 and dropping 0.33% to 8,277.26 before closing at its peak for the day. The all-shares index similarly rose 26.59 points or 0.55% to end 4,885.45.
In a reversal of fortunes from earlier in the day that saw most the six sectoral indices losing, five of them ended with gains.
Offshore investors remained predominantly sellers for the seventh straight trading day.
“Locally, the markets cheered as Fitch ratings raised the country’s sovereign rating by one level. This hence provided support to the president’s economic plans, which include a tax reform aimed at strengthening the fiscal outlook,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message.
Fitch raised the Philippines’ sovereign rating a notch further into investment grade at BBB with a stable outlook, from its previous BBB- minimum investment score, citing strong investor sentiment unaffected by President Rodrigo R. Duterte’s bloody war on drugs that has otherwise earned international censure.
“Strong and consistent macroeconomic performance has continued, underpinned by sound policies that are supporting high and sustainable growth rates,” Fitch had said.
Five sectoral indices gained: mining and oil by 226.45 points or 1.97% to close 11,708.82; financials by 33.57 points or 1.59% to 2,143.90; holding firms by 74.32 points or 0.88% to 8,500.20; property by 29.32 points or 0.76% to 3,897.12 and industrials by 16.76 points or 0.15% to end 11,032.08.
Only services lost, giving up 21.99 points or 1.37% to 1,583.49.
RCBC Securities, Inc. equity analyst Jeffrey Lucero said in a separate text that losses incurred by PLDT, Inc. and Globe Telecom, Inc. capped general market gains “following news of a possible third telco player in China Telecom (Corporation Ltd.)”
PLDT, Globe, Manila Electric Co. and Universal Robina Corp. were the only losers among Monday’s 20 most actively traded stocks, giving up 4.95% to P1,440, 3.98% to P1,690, 1.55% to P318.40 and by 0.35% to P143.50, respectively.
A total of 923.34 million stocks worth P5.85 billion changed hands, compared to Friday’s 1.02 billion shares worth P6.70 billion.
Stocks that gained continued to outnumber those that lost 91 to 63, while 84 others were unchanged.
Net foreign selling persisted for a seventh straight trading day, but at P7.57 million that was just a fifth of Friday’s P37.284 million and the smallest amount in that period. — Arra B. Francia
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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.