Top Ten Smart Money Moves – January 15, 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.
Advances Declines – (Ideal is 2:1) 109 Declines vs. 99 Advances = 1.10:1 Neutral
Total Foreign Buying – PhP 2.572 Billion
Total Foreign Selling – (PhP 2.152) Billion
Net Foreign Buying (Selling) – PhP 0.420 Billion – 2nd 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:
Stocks track Wall St.’s rise on positive sentiment
January 16, 2018
LOCAL EQUITIES climbed on Monday to track the positive finishes of international markets last Friday.
The 30-member Philippine Stock Exchange index (PSEi) saw a 0.48% uptick or 43.10 points to 8,857.72 on Monday.
The broader all-shares index likewise added 0.54% or 27.84 points to 5,126.59.
“Local stocks took cue from bullish US markets over the weekend and bullish regional markets, expectations of higher OFW (overseas Filipino workers) remittances for the last two months of 2017, as well as optimism ahead of local fourth-quarter earnings reports,” PCCI Securities Brokers Corp. Research Head Joseph James F. Lago said in an e-mail.
International markets ended mostly higher last Friday, with the Dow Jones Industrial Average jumping 0.89% or 228.46 points to 25,803.19. The S&P 500 index was up 0.67% or 18.68 points to 2,786.24, while the Nasdaq Composite index added 0.68% or 49.29 points to 7,261.06.
AB Capital Securities, Inc. Senior Equity Analyst Lexter L. Azurin attributed the market’s performance to continued positive sentiment on the Philippine economy on the back of the recently enacted tax reform program.
“These continue to be favorable to listed companies. What’s also adding to the positive sentiment is government planning to pass the second round of packages, reduction in corporate income tax,” Mr. Azurin said in a phone interview yesterday.
Four sectoral counters moved to positive territory, while two ended on a negative note. The mining and oil sub-index led gainers with an increase of 1.3% or 152.74 points to 11,905.55, followed by industrials, which rose 1.04% or 119.66 points to 11,591.15. Holding firms gained 1.02% or 92.10 points to 9,087.58, while property added 0.49% or 19.96 points to 4,040.63.
Meanwhile, the financial sector gave up 0.87% or 20.28 points to 2,305.37 and services dropped 0.05% or 0.96 point to 1,618.62.
A total of 735.82 million issues valued at P5.58 billion changed hands, dropping from Friday’s P7.95-billion value turnover.
Decliners trumped advancers, 109 to 99, while 52 issues were flat.
Mr. Azurin also noted that foreign funds continue to push the market up, with net foreign buying recorded at P419.91 million on Monday, higher than the P141.94 million recorded the previous trading day.
Megaworld Corp. was the most actively traded stock on Monday, albeit losing 4.31% to P4.88 each. Jollibee Foods Corp. meanwhile saw a 3.45% increase to P263.80 each, while BDO Unibank, Inc. shed 1.15% to P163 apiece.
For today, PCCI Securities’ Mr. Lago said investors will look at “other economic reports that will further point to global economic growth for 2018.”
Other Southeast Asian stock markets also climbed on Monday as broader Asia drew confidence from record-setting gains on Wall Street, with Thailand scaling a fresh all-time peak. — Arra B. Francia with Reuters
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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.