Top Ten Smart Money Moves – December 13, 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 13, 2017 Data)
Total Traded Value – PhP 6.300 Billion – Low
Advances Declines – (Ideal is 2:1) 97 Advances vs. 96 Declines = 1.01:1 Neutral
Total Foreign Buying – PhP 3.020 Billion
Total Foreign Selling – (PhP 3.177) Billion
Net Foreign Buying (Selling) – (PhP 0.157) Billion –9th 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:
Stocks rise as market prices in tax reform effect
December 14, 2017
By Arra B. Francia, Reporter
SHARES jumped on Wednesday as investors priced up shares of companies set to be affected by the government’s tax reform program.
The 30-member Philippine Stock Exchange index (PSEi) added 0.31% or 25.55 points at the close of Wednesday’s trading to finish at 8,359.61. The broader all-shares index also increased 0.32% or 15.36 points to 4,881.98 yesterday.
“The market ended positive today after JGS (JG Summit Holdings, Inc.), URC (Universal Robina Corp.), GTCAP (GT Capital Holdings, Inc.) and TEL (PLDT, Inc.) contributed 43.61 points to the index. The news about the tax on sugar (from P10 to P6) buoyed investors’ sentiment on URC and lifted JGS stock price as well,” Timson Securities, Inc. Equity trader Jervin S. de Celis said in a text message on Wednesday.
The bicameral conference committee on Tuesday finalized merging the versions of the Senate and House of Representatives for the Tax Reform for Acceleration and Inclusion bill. The version is now awaiting ratification from both chambers of Congress before being turned over to the president for signing.
Among the changes investors cheered was the levy of P6 per liter for beverages using caloric and non-caloric sweeteners, which was previously proposed to be at P10 and the simpler tax scheme for automobiles.
Mr. De Celis also noted that George SK Ty-led GT Capital surged “after the bicameral committee adopted a four-tier tax scheme for cars.”
Regina Capital Development Corp. Managing Director Luis A. Limlingan meanwhile cited a slim value turnover on Wednesday, which stood at P6.3 billion after a total of 1.14 billion issues switched hands.
“The PSEi is still riddled with a psychological resistance on its way back up, with the 8,379.64-level looking to be its next ceiling. Breach that level, and the PSEi is faced yet again by another hurdle at 8,433.48,” Mr. Limlingan said.
The local bourse tracked the positive performances of international markets, as the Dow Jones Industrial Average bagged its third straight record high to 24,504.80, 0.49% or 118.77 points higher than the previous trading day.
All sectoral counters ended in positive territory, save for the property sub-index which closed 0.28% or 10.87 points to 3,904.56.
The mining and oil sector led Wednesday’s climb at 1.4% or 161.82 points to 11,721.07, followed by services that ended 1.04% higher or 16.29 points to 1,586.18. Industrials edged up 0.78% or 86.30 points to 11,103.30; financials posted a 0.27% uptick or 5.79 points to 2,158.69; and holding firms were higher by 0.11% or 9.48 points to 8,421.69.
Advancers narrowly beat decliners, 97 to 96, while 43 stocks remained unchanged. Foreigners turned sellers for the ninth consecutive day, selling P419.27 million on Wednesday, lower than Tuesday’s P491.40 million.
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: firstname.lastname@example.org 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: email@example.com Subject: The Responsible Trader – eBook Version.
The book continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:
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)
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.