Top Ten Smart Money Moves – December 14, 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 14, 2017 Data)
Total Traded Value – PhP 7.616 Billion – Low
Advances Declines – (Ideal is 2:1) 110 Advances vs. 103 Declines = 1.07:1 Neutral
Total Foreign Buying – PhP 4.377 Billion
Total Foreign Selling – (PhP 3.314) Billion
Net Foreign Buying (Selling) – PhP 1.063 Billion –first day of Net Foreign Buying after 9 days of Net Foreign Selling
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:
PSEi rallies above 8,400 on Fed interest rate hike
December 15, 2017
LOCAL EQUITIES rallied past the 8,400 level on Thursday, reflecting Wall Street’s gains, as the US Federal Reserve implemented a highly anticipated interest rate hike.
The benchmark index finished 1.21% or 101.45 points higher at 8,461.06 yesterday.
The broader all-shares index likewise gained 1.15% or 56.56 points to 4,938.54.
“Philippine markets gained in a similar fashion as US stocks reacted positively on news even on a widely anticipated Fed rate hike last night,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message.
Results of the US Federal Open Market Committee’s (FOMC) two-day meeting which ended on Wednesday included the increase in benchmark lending rate to a target range of 1.25% to 1.5%. The FOMC also said it is mulling three more rate hikes in 2018.
The Dow Jones Industrial Average climbed 0.33% or 80.63 points to 24,585.43. The Nasdaq Composite index meanwhile added 0.20% or 13.48 points to 6,875.80, while the S&P 500 index was slightly down by 0.05% or 1.26 points to 2,662.85.
Summit Securities, Inc. President Harry G. Liu noted that the Fed rate increase has already been absorbed by the market.
“I presume the market is accepting what they see. The US market is stable even with the increased interest rates. (On it’s impact on the Philippines), it’s a very small increase, market already absorbed it,” Mr. Liu said in a phone interview.
At home, after the stock market’s close, the Bangko Sentral ng Pilipinas held fire on monetary policy as inflation remains within target and with economic growth remaining upbeat, which came despite a fresh rate hike in the US that would trigger rising global yields.
As expected, the Monetary Board kept borrowing rates unchanged during its eighth and final review for 2017. Rates were kept at 3.5% for the overnight lending rate, 3% for the overnight reverse repurchase rate, and 2.5% for the overnight deposit rate.
“A buildup in price pressures point to a monetary tightening in 2018,” Mr. Limlingan said.
The mining and oil counter was the lone sector that ended in the red on Thursday, falling by 1.02% or 119.51 points to 11,601.56.
All other sub-indices increased, with holding firms recording the largest gain at 1.79% or 151.11 points to 8,572.80; followed by services, which added 1.44% or 22.96 points to 1,609.14. The property sector was up by 0.97% or 38.22 points to 3,942.78; industrials added 0.75% or 83.96 points to 11,187.26; while financials rose 0.56% or 12.15 points to 2,170.84.
The market logged a value turnover of P7.62 billion, higher than Wednesday’s P6.3 billion, as 1.84 billion issues switched hands.
Foreigners turned buyers, logging net inflow of P1.06 billion, a reversal of Wednesday’s net sales worth P419.27 million.
Gainers outpaced losers, 110 to 103, while 33 issues were unchanged. — 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.