Top Ten Smart Money Moves – January 12, 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 January 12, 2018 Data)
Total Traded Value – PhP 7.947 Billion – Low
Advances Declines – (Ideal is 2:1) 103 Declines vs. 96 Advances = 1.07:1 Neutral
Total Foreign Buying – PhP 4.500 Billion
Total Foreign Selling – (PhP 4.358) Billion
Net Foreign Buying (Selling) – PhP 0.142 Billion – 1st day of Net Foreign Buying after a day 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
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 shares to move lower as market consolidates
January 15, 2018
By Arra B. Francia, Reporter
SHARES are seen to trade lower this week as investors reposition their portfolios, with eyes set on the release of the implementing rules and regulations (IRR) of the first package of the tax reform program.
The benchmark Philippine Stock Exchange index (PSEi) finished last week flat at 8,814.62, posting an increase of just 0.01% or 1.37 points. Week on week, the market gained 0.51% or 44.62 points.
This climb was supported by a 3.2% uptick in financials and 0.80% rise in services. Decliners outpaced advancers 110 to 96 week on week.
Foreign investors continued their buying spree last week, as net foreign inflows averaged at P500 million. The market was valued at P37.64 billion.
Analysts noted the market would be taking pauses in the coming weeks in preparation for its rise to the 9,000 level.
“We saw somewhat of a pullback last week which I think is going to continue into [this] week as we create a base between the 8,500 and 8,700 to build more momentum to breach 9,000. If [we] see the market lose a hundred points or more next week, I would not be worried as these are buying opportunities,” Eagle Equities, Inc. Research Head Christopher John Mangun said in a report.
Online stock brokerage 2TradeAsia noted the same, saying such pauses would be healthy for the market.
“Large fund managers are on comparison mode among houses’ outlook and portfolio repositioning is expected as a result,” 2TradeAsia.com said in a weekly market note.
The brokerage added that investors will be assessing the IRR of the first package of Republic Act No. 10963, otherwise known as the Tax Reform for Acceleration and Inclusion Act. New tax rates have been implemented since the start of the year, which has allowed for lower personal income taxes alongside higher taxes sugar-sweetened beverages, fuel and oil, among others.
“Merits will be assessed on its rollout plus achievement of the Finance bureau’s estimated numbers,” 2TradeAsia.com said.
Meanwhile, Eagle Equities’ Mr. Mangun said that with the market’s current path, the PSEi will manage to breach the 9,000 level in “the next couple of weeks.”
“I think we will continue to see the foreigners increase their positions in the weeks to come,” Mr. Mangun added.
The market’s immediate support is pegged within the 8,770 to 8,800 range, with resistance seen from 8,850 to 8,870.
Two companies will be holding their annual stockholders’ meetings this week, namely Oriental Peninsula Resources Group, Inc. and Ramon S. Ang-led San Miguel Pure Foods Company, Inc.
On Friday, foreign markets ended mostly up, with the Dow Jones Industrial Average jumping 0.89% or 228.46 points to 25,803.19 as fund managers picking up energy shares following crude’s rise.
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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.