Top Ten Smart Money Moves – January 14, 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 6.796 Billion – Low
Advances Declines – (Ideal is 2:1) 125 Advances vs. 80 Declines = 1.56:1 Neutral
Total Foreign Buying PhP 4.226 Billion
Total Foreign Selling – (PhP 3.240) Billion
Net Foreign Buying (Selling) – PhP 0.986 Billion – 8th day of Net Foreign Buying after 10 days of Net Foreign Selling
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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PSEi rises as banking stocks recover from sell-off
January 14, 2019 | 9:00 pm
By Janina C. Lim, Reporter
THE MAIN INDEX opened the week on a positive note amid a recovery in banking stocks and news that the new real estate investment trusts (REIT) rules will be out in the first half of the year.
The bellwether Philippine Stock Exchange index (PSEi) rose 1.51% or 120.05 points to 8,024.14. The broader all-shares index also climbed 1.19% or 56.45 points to 4,786.60.
“I think the recovery of the banks from Friday’s sell-off somehow helped the index to go from negative in the morning session to positive in the afternoon session but the news about SEC’s issuance of the revised guidelines on REIT within this semester could be the bigger reason that urged investors especially the foreigners to do a last-minute buying spree of property stocks that propelled our index above 8,000 level today,” said Jervin S. de Celis, Timson Securities, Inc. trader, in a mobile phone message on Monday.
A top official from the Securities and Exchange Commission expressed confidence of releasing within the semester the revised guidelines for REITs, which are listed firms that own and operate income-generating real estate assets.
As for the banks that reported loan exposures to Hanjin Heavy Industries and Construction Philippines’ declaration of bankruptcy last week, Rizal Commercial Banking Corp. saw the highest rebound, closing Monday with a 2.84% rise to P27.15 apiece.
Metropolitan Bank & Trust Co. went up 2.63% to P80 each; Bank of the Philippine Islands gained 2.11% to P91.90 each; and BDO Unibank, Inc. edged up 0.3% to P131.60 apiece.
For Regina Capital Development Corp. Managing Director Luis A Limlingan, developments at the United States central bank and in the US-China trade talks also pushed the PSEi upward.
“Part of this stemmed from a dovish message from the chairman of the Federal Reserve and amid renewed hopes that trade talks between the US and China will deliver a near-term deal,” Mr. Limlingan said in a mobile message yesterday.
All subindices climbed on Monday. Industrials led the charge, climbing 2.14% or 245.99 points to 11,732.67; holding firms went up 1.62% or 127.90 points to 8,011.47; financials rose 1.39% or 24.74 points to 1,797.06; property expanded 1.28% or 50.65 points to 3,994.77; services edged up 0.16% or 2.48 points to 1,544.63; mining and oil advanced 0.11% or 10.03 points to 8,752.21.
Advancers outnumbered decliners, 125 to 80, as 42 issues were unchanged.
Turnover on Monday amounted to P6.80 billion as 1.13 billion switched hands, lower than the P8.50 billion worth traded on Friday.
Foreigners continued to purchase shares, with net buying yesterday totaling P985.89 million, surging from the previous session’s net inflow worth P228.90 million.
Source: https://www.bworldonline.com/psei-rises-as-banking-stocks-recover-from-sell-off/
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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.