Top Ten Smart Money Moves – February 6, 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 6, 2018 Data)
Total Traded Value – PhP 10.423 Billion – Medium
Advances Declines – (Ideal is 2:1) 159 Declines vs. 52 Advances = 3.06:1 Bearish
Total Foreign Buying – PhP 4.877 Billion
Total Foreign Selling – (PhP 6.320) Billion
Net Foreign Buying (Selling) – (PhP 1.443) Billion – 8th 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:
PHL stocks extend decline, joining global sell-off
February 6, 2018
By Arra B. Francia, Reporter
SHARES continued to tumble on Tuesday as global markets continued their sell-off on fears of faster rate hikes from the United States Federal Reserve.
The bellwether Philippine Stock Exchange index (PSEi) dropped to the 8,500 level yesterday, shedding 0.76% or 65.58 points to 8,550.42. The market fell by more down 200 points intraday, hitting a low of 8,379.83 before paring losses at the closing bell.
With this, the index has already wiped out more than 500 points from its record high of 9,058.62 last Jan. 29.
The broader all-shares index likewise lost 0.83% or 42.51 points to 5,027.91.
“PSEi followed global markets’ decline on continued risk-off sentiment. Rising bond yields continued to fuel the sell-off as hints of inflation pickup prompted that the pace of Fed rate hikes may not be gradual,” First Metro Securities Brokerage Corp. Equity Research Associate Royce Christopher A. Aguilar said in a text message.
The sell-off prevailed in international markets, with the Dow Jones Industrial Average plunging 4.6% or 1,175.21 points to 24,345.75. Meanwhile, the S&P 500 index dropped 4.1% or 113.19 points to 2,648.94 and the Nasdaq Composite Index gave up 3.78% or 273.42 points to 6,967.53.
“Philippine markets could do little to withstand another round of sell-off regionally, with the US recording its worst-one day point drop in history,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message.
All sectoral indices remained in negative territory at the session’s end, with the mining and oil sector posting the largest decline, closing at 11,509.38, 2.18% or 256.71 points lower. Holding firms followed with a decrease of 1.11% or 97.66 points to 8,689.61. Financials gave up 1.09% or 24.16 points to 2,179.92; services went down 0.67% or 11.51 points to 1,685.76; while industrials declined by 0.50% or 58.42 points to 11,513.58.
Some 1.89 billion issues switched hands on Tuesday, for a value turnover of P10.42 billion. This is higher than the P8.51-billion turnover in the previous trading day.
Declining stocks prevailed for the day at 159 against the 52 that advanced and the remaining 44 which closed flat.
Foreign investors were sellers for the eighth consecutive day, disposing of a net P1.44 billion worth of funds on Tuesday, albeit lower than the previous session’s P1.95-billion net outflow.
Despite the market’s three-day losing streak, First Metro Securities’ Mr. Aguilar noted that fundamentals remain unchanged, providing opportunity for investors to buy more stocks.
“Investors may try to start accumulating at current levels as global growth is still strong and the local market’s fundamentals are intact,” Mr. Aguilar said.
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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.