Top Ten Smart Money Moves – December 7, 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 7, 2017 Data)
Total Traded Value – PhP 5.946 Billion – Low
Advances Declines – (Ideal is 2:1) 97 Advances vs. 93 Declines = 1.04:1 Neutral
Total Foreign Buying – PhP 2.964 Billion
Total Foreign Selling – (PhP 3.305) Billion
Net Foreign Buying (Selling) – (PhP 0.341) Billion –5th 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:
PSE index climbs anew as market consolidates
December 8, 2017
LOCAL EQUITIES bounced back on Thursday as the Philippine Stock Exchange (PSEi) index tried to breach the 8,200 level.
The 30-member bellwether index rose 0.55% or 45.31 points to close yesterday’s session at 8,174.93.
The broader all-shares index also added 0.40% or 19.19 points to finish at 4,800.59.
“Philippine markets traded on a higher note trying to build momentum towards the 8,200 support,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message yesterday.
Analysts have previously noted that the market will be climbing in the following weeks as investors are lifted by positive sentiment ahead of the holidays.
Meanwhile, Summit Securities, Inc. President Harry G. Liu said the index will continue consolidating as investors await the outcome of the government’s tax reform and infrastructure programs.
“I feel that the market is just consolidating waiting for this tax reform. And then this infrastructure,” Mr. Liu said in a phone interview.
“Overall it will continue to pick up,” Mr. Liu added.
Overseas, the Dow Jones Industrial Average shed 0.16% or 39.73 points to 24,140.91. The S&P 500 took a small hit of 0.01% or 0.3 points to end at 2,629.27, while the Nasdaq Composite index added 0.21% or 14.16 points to 6,776.38.
At home, the property counter was the lone sub-index that moved to negative territory, losing 0.19% or 7.23 points to 3,799.31.
The mining and oil sub-index led yesterday’s rally, surging 3.99% or 448.98 points to 11,695.73. Industrials followed with an increase of 0.93% or 99.93 points; holding firms climbed 0.53% or 44.29 points to 8,281; financials went up 0.43% or 9.07 points to 2,086.20; and services added 0.09% or 1.58 points to 1,599.28.
Advancers trumped decliners, 97 to 93, while 47 names were unchanged.
A total of 877.69 million issues changed hands for a total value turnover of P5.95 billion, falling from Wednesday’s P6.62-billion trading value.
The market logged a net foreign selling position for the fifth consecutive day at P340.55 million. This is lower than the P707.87 million recorded at the end of Wednesday’s trading session.
Meanwhile, most Southeast Asian stock markets traded within a tight range on Thursday as uncertainty over US government policies kept risk sentiment in check, with Singapore set to extend the previous session’s sharp decline.
Asian markets remained tentative after Wednesday’s slump, with MSCI’s broadest index of Asia-Pacific shares outside Japan hovering around a near two-month low.
Investors are looking to the final tax reform legislation in the US, where a potential US government shutdown looms if Congress fails to agree on a spending package. — A.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.