Top Ten Smart Money Moves – January 16, 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 20.149 Billion – High*
Advances Declines – (Ideal is 2:1) 127 Declines vs. 64 Advances = 1.98:1 Neutral
Total Foreign Buying PhP 15.657 Billion
Total Foreign Selling – (PhP 16.850) Billion
Net Foreign Buying (Selling) – (PhP 1.193 Billion) – first day of Net Foreign Selling after 9 days of Net Foreign Buying
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 down as property stocks plunge on AC, SMPH
January 16, 2019 | 9:00 pm
HEAVYWEIGHTS dragged the main index on Wednesday as Mitsubishi Corp. reduced its stake in Ayala Corp. (AC) while the Department of Interior and Local Government’s (DILG) intent to wipe out all reclamation projects in Manila Bay hurt SM Prime Holdings, Inc. (SMPH), which has ambitious projects set in the harbor.
The bellwether Philippine Stock Exchange index (PSEi) shed 1.85% or 148.72 points to 7,864.70. The broader all-shares index declined 1.53% or 73.49 points to 4,715.13.
“Two major headlines dragged the Philippine market, which failed to ride on the upswing of most of the region. First with respect to SMPH, reclamation plans in the Bay area were allegedly scrapped and environmental groups pointed out the potential damage this would cause,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message on Wednesday.
SMPH has a P100-billion reclamation project in the 600-hectare Manila Bay. Dubbed the Future City, the project will consist of commercial and residential components.
But the said project may be put in limbo as the DILG announced last week its plan to review the reclamation projects in Manila Bay in an attempt to protect the environment.
“As for Ayala Corp., a major shareholder, Mitsubishi Corp. divested a substantial portion of its shares, selling these at P900 per share, which is a substantial discount from the previous closing price,” Mr. Limlingan said.
Mitsubishi reportedly sold on Tuesday night some 13 million shares of AC amounting to P225 million. The move was a sequence to the Japanese trading giant’s 2018 selldown of 8.5 million of the conglomerate’s shares at P934 apiece, which then marked a 7.53% discount.
“As both AC and SMPH carry a significant weight in the PSEi, it was natural to witness a big drop today,” he said on Wednesday, noting that the benchmark PSEi failed to ride on the upswing seen across other Asia-Pacific markets.
AC shares dropped 5.31% to P919 each share and SMPH declined 6.92% to P37 apiece.
Foreigners dumped shares on Wednesday, logging net sales worth P1.19 billion, a reversal of the net inflow worth P258.98 million recorded on Tuesday. Losers outnumbered gainers, 127 to 64, while 50 names were unchanged.
All subindices were in the red, except for financials which inched up 0.05% or 1.03 points to 1,804.64.
Property booked the biggest loss, diving 4.49% or 180.11 points to 3,831.58; holding firms plunged 1.79% or 143.47 points to 7,833.12; industrials slid 1.31% or 153.21 to 11,500.58.; mining and oil edged down 0.35% or 31.41 points to 8,798.52; and services dropped 0.07% or 1.21 points to 1,543.68.
Value turnover surged to P20.15 billion as 1.13 billion issues switched hands, compared to Tuesday’s P6.52 billion.
“If the market decides to give back more of its gains, we can find support at 7,700,” said Manuel Antonio G. Lisbona, PNB Securities, Inc. president. — J.C. Lim
Source: https://www.bworldonline.com/psei-down-as-property-stocks-plunge-on-ac-smph/
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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.