Top Ten Smart Money Moves – February 19, 2019
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.
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Total Traded Value – PhP 8.102 Billion – Medium
Advances Declines – (Ideal is 2:1) 132 Declines vs. 84 Advances = 1.57:1 Neutral
Total Foreign Buying PhP 3.871 Billion
Total Foreign Selling – (PhP 4.161) Billion
Net Foreign Buying (Selling) – (PhP 0.290) Billion – first day of Net Foreign Selling after a day of Net Foreign Buying
Data from the Philippine Stock Exchange
Screenshot courtesy of 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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PSE index sinks to 7,800 level on foreign selling
February 19, 2019 | 9:00 pm
THE MAIN INDEX fell to the 7,800 level on Tuesday on concerns over the trade negotiations between the United States and China happening this week, in addition to foreign investors’ selling spree.
The 30-member Philippine Stock Exchange index (PSEi) slumped 0.97% or 76.83 points to 7,833.75, marking its lowest finish since Jan. 16. The broader all-shares index likewise shed 0.8% or 38.71 points to 4,802.89.
“Philippine investors kept to the sidelines right before the US resumed trading this week, and until some closure from the trade talks would arise given that the deadline is fast approaching,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
A fresh round of talks between US and Chinese officials were set to begin in Washington on Tuesday with follow-up sessions at the higher level later in the week. Officials of the world’s two largest economies said they have reached progress on contentious issues in their negotiations last week.
Wall Street indices were closed yesterday in celebration of President’s Day.
“A renewed round of net foreign selling dragged the index to trade in the red for most of the day,” Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said in an e-mail.
Foreign investors booked net sales of P289.39 million yesterday compared to Monday’s net buying figure of P549.03 million.
Ayala Land, Inc. and BDO Unibank, Inc. recorded the largest losses for the day, dropping 3.7% and 3.2%, respectively. They also posted the highest net foreign selling prints of P255 million and P182 million, respectively.
All sectoral indices moved to negative territory, led by property which dropped 1.57% or 62.85 points to 3,940.09. Services tumbled 0.82% or 12.95 points to 1,565.99; financials dipped 0.8% or 14.45 points to 1,773.39; industrials dropped 0.77% or 88.15 points to 11,338.96; holding firms went down 0.7% or 55.91 points to 7,883.87; while mining and oil ended 0.17% lower or 14.68 points to 8,443.63.
Decliners beat advancers, 132 to 84, while 39 names ended flat.
Some 2.80 billion issues switched hands on Tuesday for a total turnover of P8.10 billion, lower than the previous session’s P11.07 billion.
The list of 20 most actively traded stocks showed 14 losers, including Vista Land & Lifescapes, Inc. (down 6.25%), Universal Robina Corp. (down 3.10%), and Bloomberry Resorts Corp. (down 2.48%).
Meanwhile, the same list showed five gainers, including Robinsons Land Corp. (up 6.86%) and Megaworld Corp. (up 5.27%).
Meanwhile, most Southeast Asian stock markets climbed on Tuesday, lifted by optimism that the United States and China might be inching towards a deal to resolve their nearly year-long trade dispute.
The Malaysian benchmark index extended gains to a second session, while Vietnam shares were boosted by real estate stocks. Indonesian stocks pared previous session’s upbeat gains to edge 0.3% higher. — Arra B. Francia
Source: https://www.bworldonline.com/pse-index-sinks-to-7800-level-on-foreign-selling/
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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: ninjatrader919@gmail.com 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: ninjatrader19@gmail.com Subject: The Responsible Trader – eBook Version.
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)
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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.