Top Ten Smart Money Moves – February 15, 2018
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 February 15, 2018 Data)
Total Traded Value – PhP 10.689 Billion – Medium
Advances Declines – (Ideal is 2:1) 147 Declines vs. 68 Advances = 2.16:1 Bearish
Total Foreign Buying – PhP 3.100 Billion
Total Foreign Selling – (PhP 3.473) Billion
Net Foreign Buying (Selling) – (PhP 0.373) Billion – 15th 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:
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Stocks extend climb ahead of corporate earnings
February 15, 2018 | 6:59 pm
LOCAL STOCKS reversed intraday losses to book gains on Thursday, as investors anticipate the release of 2017 earnings reports.
The bellwether Philippine Stock Exchange index (PSEi) managed to rise 0.16% or 14.33 points to close at 8,612.44 on Thursday.
The broader all-shares index was flat, adding 0.05% or 2.8 points to close at 5.075.60.
“Philippine markets fell into the same pattern once again today, falling close to 1%, but some buying opportunities pushed the close to slightly positive territory,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message on Thursday.
In a separate market note, Papa Securities Corp. said investors bought shares in Metro Pacific Investments Corp. (MPIC) and Ayala Corp. (AC) near the market’s close, causing their last-minute increase.
Stocks in MPIC and AC picked up 4.46% to P5.85 each and 5.29% to P1,095 apiece, respectively.
Meanwhile, IB Gimenez Securities, Inc. Research Head Joylin F. Telagen said investors considered local stocks to be pricey compared to other markets, prompting the heavy sell-off in previous weeks.
“However, as corporate earnings start to trickle in, we think that there is still room for it to move higher. As strong corporate earnings will tend to lower the PE ratio. I think earnings report will be the main driven factors over the next few weeks not just in PSEi but to global equities as well,” Ms. Telagen said in a text message.
Sectoral counters were split between those that advanced and those that declined. The mining and oil counter led gainers, jumping 1.81% or 208.31 points to 11,706.35. Holding firms gained 1% or 87.88 points to end at 8,797.05, while industrials inched up 0.01% or 1.75 points to 11,398.62.
On the other hand, the services sub-index gave up 0.79% or 13.74 points to 1,705.47. Property lost 0.79% or 31.03 points to 3,885.17, while financials dropped 0.03% or 0.84 point to 2,210.29.
Investors were back in the market, prompting value turnover to rise to P10.7 billion after some 2.13 billion issues switched hands.
This is higher than the P8.92-billion value turnover posted on Wednesday.
Decliners prevailed for the day at 147 against 68 stocks that advanced, while 42 issues were unchanged.
Foreign investors were sellers for the 16th straight day, although net outflows slimmed to P373.42 million against the P719.46 million booked on Wednesday.
The market will be closed today for the Chinese New Year holiday.
Most Southeast Asian stock markets also firmed on Thursday, tracking broader Asia, with Singapore surging after data showed a faster-than-expected growth in exports last month.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.3% by 0400 GMT. — Arra B. Francia with Reuters
Source: http://bworldonline.com/stocks-extend-climb-ahead-corporate-earnings/
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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: ninjatrader919@gmail.com Subject: The Responsible Trader – Hard Copy.
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Good luck on all your TRADES today.
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.