Top Ten Smart Money Moves – January 17, 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) 120 Declines vs. 92 Advances = 1.30:1 Neutral
Total Foreign Buying – PhP 5.889 Billion
Total Foreign Selling – (PhP 4.631) Billion
Net Foreign Buying (Selling) – PhP 1.258 Billion – 4th 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 decline anew, tracking global markets
January 18, 2018
By Arra B. Francia, Reporter
LOCAL STOCKS dropped on Wednesday, tracking the generally negative close of international markets.
The Philippine Stock Exchange index (PSEi) gave up 0.18% or 16.14 points to finish at 8,848.99 yesterday.
The all-shares index also shed 0.11% or 5.78 points to 5,121.47.
“Philippine market followed the trajectory of its regional counterparts before closing in a weak fashion. A negative finish was expected due to Wall Street’s leads, with the market taking a breather after outstanding performances this whole month,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message.
Resumption of trading in American markets following its break for the Martin Luther King Jr. holiday ended mostly on a negative note, with analysts predicting volatile trading days ahead.
Wall Street paused its rally on Tuesday, weighed down by weakness in General Electric shares and as lower oil prices dragged down the energy sector.
The Dow Jones Industrial Average fell 10.33 points or 0.04% to 25,792.86; the S&P 500 lost 9.82 points or 0.35% to 2,776.42; and the Nasdaq Composite dropped 37.38 points or 0.51% to 7,223.69.
“It was more of a profit taking, considering most regional markets were down. It’s just been 10 days of trading session, and we’re already up by around 300 points. It’s just right for investors to go on profit taking,” Diversified Securities, Inc. equities trader Aniceto K. Pangan said in a phone interview.
Most Southeast Asian stock markets were muted on Wednesday in line with broader Asia as Wall Street took a breather after its record-setting run, dampening momentum in global equities.
Sectoral counters were split between gainers and losers. Financials saw the largest decline at 2,247.32, lower by 1.88% or 43.16. This was pulled down by the performance of Metropolitan Bank & Trust Co. stocks, which lost P8.30 or 7.76% to end at P98.70 following its disclosure of a stock rights offering to fund its acquisition of the remaining shares of Metrobank Card Corp.
Property followed with a decrease of 0.54% or 21.96 points to 4,032.30, while mining and oil shed 0.39% or 47.99 points to 12,135.17.
On the other hand, services gained 0.61% or 10.08 points to 1,638.75; holding firms added 0.54% or 49.06 points to 9,095.54; and industrials climbed 0.35% or 41.73 points to 11,809.72.
With 942.72 million issues changing hands, volume was valued at P9.64 billion yesterday, rising from Tuesday’s turnover of P7.41 billion.
Decliners trumped advancers, 120 to 92, while 49 names were unchanged.
Foreign investors continued their buying spree for the fourth day, logging P1.26 billion in net purchases yesterday from P698.79 million on Tuesday. — with Reuters
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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: firstname.lastname@example.org Subject: The Responsible Trader – Hard Copy.
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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.