Top Ten Smart Money Moves – February 23, 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 February 23, 2017 Data)
Total Traded Value – PhP 7.275 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 92 Advances vs. 82 Declines = 1.12:1 Neutral
Total Foreign Buying – PhP 4.590 Billion
Total Foreign Selling – (PhP 3.737 Billion)
Net Foreign Buying (Selling) – PhP 0.853 Billion – first day of Net Foreign Buying after 4 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
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
Stocks extend gains as foreigners turn net buyers
Posted on February 24, 2017
THE BELLWETHER INDEX extended its gains to a fourth straight session on Thursday as investors picked up select stocks, with foreigners also shifting to a net buying position.
The Philippine Stock Exchange index (PSEi) closed higher by 31.11 points or 0.42% to close at 7,335.56 yesterday, extending its winning streak to a fourth day
The broader all shares also went up by 15.56 points or 0.35% to 4,427.27.
“Some players are buying on the breakout as the market is breaking above 7,300,” said Miko S. Sayo, trader at Angping & Associates Securities, Inc.
“Nothing much happening in the market, but it’s surprisingly strong despite the peso’s weakness,” Miguel A. Agarao, vice-president of Philequity Management, Inc., said. On the inclusion of Puregold Price Club, Inc. in the main index, he said the move barely had any impact on the PSEi because the distilled spirits maker’s weighting is quite small.
Four of the six sectoral counters finished higher, although gains were minimal. Financial stocks were the top gainers, with the counter going up by 23.39 points or 1.30% to close at 1,812.83. Services gained 0.46% or 6.61 points to 1,420.81; holding firms rose 0.44% or 32.94 points to 7,439.68; and industrials added 0.43% or 48.04 points to 11,188.87.
Meanwhile, property recorded the biggest loss among the six sectors with a decrease of 40.24 points or 1.19% to 3,327.29. The mining and oil subindex also eased by 9.39 points or 0.07% to close at 12,379.33.
Foreign funds on Thursday bought more shares than they sold, reversing a trend seen in the past weeks where selling had become almost the norm.
Foreigners bought shares worth P4.59 billion and sold P3.74 billion, resulting in a net buying of P853.81 million. This came after Wednesday’s net selling of P1 billion.
Value turnover reached P7.28 billion, just slightly higher than the other day’s P7.25 billion, with 1.37 billion shares changing hands.
Gainers outpaced losers at 92 to 82, while 51 names closed flat.
Southeast Asian stock markets were largely flat in lackluster trading on Thursday after the US Federal Reserve indicated willingness to raise interest rates, but cautioned about a lack of clarity on the Trump administration’s economic policies.
The Fed’s January meeting minutes said that it may be appropriate to raise rates again “fairly soon” should jobs and inflation data be in line with expectations, but it also reflected the depth of uncertainty at the Fed over economic risks from President Donald J. Trump’s plans.
Investors are cautious about the “global uncertainties related to Trump’s economic policies as well as the interest rate direction of the Federal Reserve, which was actually a non-event,” said Taye Shim, head of research at Mirae Asset Sekuritas.
Thai shares fell the most in the region, down 0.4%, with energy and financial sectors dragging down the index. — V.V. Saulon with Reuters
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/.
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: email@example.com Subject: The Responsible Trader – eBook Version.
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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