Top Ten Smart Money Moves – January 16, 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) 108 Advances vs. 102 Declines = 1.06:1 Neutral
Total Foreign Buying – PhP 3.977 Billion
Total Foreign Selling – (PhP 3.279) Billion
Net Foreign Buying (Selling) – PhP 0.698 Billion – 3rd 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:
PSEi ekes out modest gain after intraday record
January 17, 2018
By Arra B. Francia, Reporter
SHARES charged to another all-time intraday high before pulling back to post a modest gain at the end of Tuesday’s trading session as investors resumed profit taking.
The 30-member bellwether index added 0.08% or 7.41 points to finish at 8,865.13 yesterday, paring down early morning gains that saw the Philippine Stock Exchange index (PSEi) reach an intraday high of 8,969.18, a fresh record intraday peak.
The broader all-shares index, meanwhile, barely moved to finish at 5,127.25, inching up by 0.01% or 0.66 point.
“During early trade, optimism about consumer giant growth prospects lifted the index to all-time high. However, profit taking prompted investors to close at almost unchanged,” IB Gimenez Securities, Inc. Research Head Joylin F. Telagen said in a text message, citing Jollibee Foods Corp. (JFC).
Shares in JFC were the most actively traded on Tuesday, jumping 5.23% or P13.80 to finish at P277.60 apiece.
Summit Securities, Inc. President Harry G. Liu likewise attributed the market’s short-term movements to profit taking as the index tests a new record high.
“I think the market today was purely on a very technical behavior, because there’s no fundamental crisis on sight, only direction like the infrastructure program, tax amnesty, possible constitutional change on foreign ownership,” he said in a phone interview on Tuesday.
Mr. Liu noted that trading volume would have to keep up in order to cement the market’s rise.
“We’re seeking a technical high, where it will be resisted. On a new high, the thing that you have to look at is volume. If there’s no volume, then that means it will still be within the range where it tries to consolidate,” he added.
The market saw a total of 627.30 million shares switch hands on Tuesday valued at P7.40 billion, rising from the P5.58-billion volume recorded on the day before.
Four sectoral indices closed in positive territory, with the mining and oil counter leading the day’s gains at 12,183.16, climbing 2.33% or 277.61 points. Industrials followed, rising 1.52% or 176.84 points to 11,767.99; services went up by 0.62% or 10.05 points to 1,628.67; and property added 0.33% or 13.63 points to 4,054.26.
On the other hand, financials and holding firms finished on a negative note, giving up 0.64% to 2,290.48 and 0.45% to 9,046.58, respectively.
Advancers outpaced decliners, 108 to 102, while 61 issues were unchanged.
Foreign buying prevailed on Tuesday to yield a net inflow of P698.79 million, higher than Monday’s P419.91-million net purchases.
American markets were closed on Monday in commemoration of the Martin Luther King Jr. holiday.
Meanwhile, most Asian indices were up on Tuesday, pushed primarily by tech and automobile stocks.
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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.