Top Ten Smart Money Moves – December 20, 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 20, 2017 Data)
Total Traded Value – PhP 5.260 Billion – Low
Advances Declines – (Ideal is 2:1) 110 Declines vs. 84 Advances = 1.31:1 Neutral
Total Foreign Buying – PhP 1.871 Billion
Total Foreign Selling – (PhP 2.097) Billion
Net Foreign Buying (Selling) – (PhP 0.226) Billion –4th 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 down as volume thins ahead of holidays
December 21, 2017
EQUITIES fell on Wednesday following the passage of the tax reform program, as analysts said the market has already priced in its effects earlier this year.
The benchmark index dropped 3.35 points or 0.04% to finish the session at 8,362.61.
The broader all-shares index likewise gave up 0.17% or 8.52 points to 4,893.62.
“The market has already priced in the tax reform program of the Duterte administration starting as early as the 2Q (second quarter) this year,” Timson Securities, Inc. equity trader Jervin S. de Celis, noting that the main index’s rally toward the 8,600 level earlier this year was due to optimism on the tax reform program.
“It’s also a ‘sell on news’ event and apparently foreign investors have been selling their shares due to the expensive valuations of our index. They’ll be back for sure when the effect of the TRAIN (Tax Reform for Acceleration and Inclusion) bill is felt in the economy by next year,” Mr. De Celis added.
Regina Capital Development Corp. Managing Director Luis A. Limlingan meanwhile noted that most investors will now be taking their holiday break.
“Philippine markets were flat even though the TRAIN has been signed into law, most investors are on the sidelines already enjoying the holidays,” Mr. Limlingan said.
Sectoral counters were split between gainers and losers. Ending in positive territory were the mining and oil sector, adding 1.14% or 128.40 points to 11,330.62; services, which climbed 0.43% or 6.87 points to 1,601.23; and industrials, which gained 0.08% or 8.87 points to 11,098.60.
On the other hand, the property sub-index logged a 0.44% or 17.29-point decline to 3,882.82. Financials shed 0.17% or 3.77 points to 2,140, and holding firms dipped 0.01% or 1.45 point to 8,481.53.
Wednesday saw 830.54 million issues change hands for a total value turnover of P5.26 billion, lower than the P6.87 billion booked on Tuesday.
Decliners beat advancers, 110 to 84, as 50 names remained unchanged.
Net foreign outflows widened to P225.82 million yesterday from the P186.94 million recorded on Tuesday.
US stocks fell on Tuesday as excitement over the likelihood of a tax code revamp was offset by concern over its effect on years of monetary policy stimulus and the future of interest rates.
The US House of Representatives initially passed the tax legislation in an afternoon vote, but the bill included provisions that did not comply with Senate rules. The Senate was expected to vote this evening on a revised version of the bill, with the offending provisions removed. If the Senate approves the bill, as is expected, the House will vote again on Wednesday.
The Dow Jones Industrial Average fell 37.45 points or 0.15 % to 24,754.75; the S&P 500 lost 8.69 points or 0.32% to 2,681.47 and the Nasdaq Composite dropped 30.91 points or 0.44% to 6,963.85. — 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.