Top Ten Smart Money Moves – January 22, 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) 128 Declines vs. 99 Advances = 1.29:1 Neutral
Total Foreign Buying – PhP 4.743 Billion
Total Foreign Selling – (PhP 4.295) Billion
Net Foreign Buying (Selling) – PhP 0.448 Billion – 7th 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:
Bourse closes at fresh peak ahead of Q4 GDP report
January 23, 2018
THE BOURSE extended gains for a second straight trading day to finish at the year’s fifth record high ahead of today’s fourth-quarter 2017 gross domestic product (GDP) report that is widely expected to have kept the full-year pace within the government’s target.
The Philippine Stock Exchange index (PSEi) edged up 34.70 points or 0.38% to finish 8,950.62, while the all-shares index gained 21.94 points or 0.42% to close at 5,173.01.
This marks PSEi’s fifth all-time high finish for 2018, following its close of 8,923.72 last Jan. 9.
Four of the six sectoral indices closed with gains, while foreigners remained net buyers for the seventh straight trading day.
9,000 IN SIGHT
“Philippine markets bought up the index once more right before the release of fourth quarter (GDP report) tomorrow,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message, while Astrolito Romulo C. del Castillo, First Grade Finance, Inc. president and managing director, noted that “[i]nvestors are expecting better GDP results tomorrow.”
“Reports and news from analysts, Moody’s, also encouraged buying today, allowing investors to position themselves ahead of the announcement,” Mr. Del Castillo added, referring to the 6.7% fourth-quarter GDP growth expectation of Moody’s Analytics that was also the median in BusinessWorld’s poll of 12 economists.
If realized, that pace would put full-year growth at 6.7% against the government’s 6.5-7.5% target for 2017.
RCBC Securities, Inc. on Monday noted that expected fast economic growth is lifting the market’s current growth, saying that the PSEi could rise to the 9,500 level by the end of 2018.
“The market continues to gain momentum. We may breach the 9,000 in the coming days, especially if there’s a favorable outcome,” Mr. Del Castillo said.
Several other Asian bourses joined a region-wide rally, with Japan’s Nikkei 225 and Topix Index, Hong Kong’s Hang Seng index, the Shanghai Composite Index, the Straits Times Index and the Jakarta Composite Index rising 0.03%, 0.12%, 0.43%, 0.39%, 0.54% and 0.41%, respectively, though South Korea’s KOSPI sank by 0.72%
Locally, services led the four indices that gained, rising 17.98 points or 1.09% to close 1,656.75; followed by property that increased by 20.69 points or 0.51% to close 4,056.13; holdings that edged up by 37.30 points or 0.40% to finish 9,181.20; and industrials that added 16.33 points or 0.13% to 11,882.86.
The two sectors that weighed on the bourse were mining and oil, which fell by 136.71 points or 1.13% to finish 11,891.11 and financials which ceded 1.36 points or 0.05% to end 2,286.87.
Monday saw stocks that declined outnumber those that gained 128 to 99, while 52 others were unchanged.
Some 890.17 million stocks worth P8.14 billion changed hands, compared to Friday’s 914.34 million stocks worth P10.02 billion.
Foreigners remained predominantly buyers for a seventh straight trading day, with net buying growing nearly fivefold to P448.38 million on Monday from Friday’s P92.10 million. — Arra B. Francia
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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.