Top Ten Smart Money Moves – January 23, 2017
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.
Trading Notes for Today – (Based on January 23, 2017 Data)
Total Traded Value – PhP 5.608 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 108 Advances vs. 79 Declines = 1.37:1 Neutral
Total Foreign Buying – PhP 2.535 Billion
Total Foreign Selling – (PhP 2.678 Billion)
Net Foreign Buying (Selling) – (PhP 0.143) Billion – 1st day of Net Foreign Selling after a day of Net Foreign Buying
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
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
PSEi surges above 7,300 ahead of GDP report
Posted on January 24, 2017
THE MAIN INDEX bounced back to the 7,300 level on Monday as investors looked forward to the Philippines’ economic growth report amid uncertainties due to the leadership change in the United States.
The Philippine Stock Exchange index (PSEi) rallied, gaining 141.69 points or 1.95% to 7,374.35 on Monday, while the broader all shares index surged 60.51 points or 1.38% to 4,426.14.
“After a relatively peaceful inauguration last week, investors resumed to bargain hunting on the assumption the Philippines would be one least vulnerable economies relative to all the global geopolitical uncertainties,” Luis A. Limlingan, managing director of Regina Capital Development Corp., said via text.
Investors are particularly optimistic about the Philippine economy’s expansion ahead of the release of the gross domestic product (GDP) data for the fourth quarter and the whole of last year, Joylin F. Telagen, analyst at I.B. Gimenez Securities, Inc., noted separately.
Most sectoral counters registered more than 1% in gains during the session. Holdings firms led other sectors after rising by 166.51 points or 2.26% to reach 7,526.72.
The services subindex, meanwhile, surged by 22.19 points or 1.57% to 1,427.60; financials by 25.84 points or 1.49% to 1,751.33; property by 49.79 points or 1.49% to 3,383.36; and industrials by 160.79 points or 1.46% to 11,174.45.
The mining and oil sector, on the other hand, bucked the uptrend after retreating by 33.24 points or 0.27% to 12,215.03.
The overall performance of the local market reflected US stocks which advanced following Mr. Trump’s inauguration as the 45th US president, Ms. Telagen said.
“China also avoided additional headwinds by reporting fourth-quarter GDP at 6.8% through robust monetary and fiscal stimulus,” Mr. Limlingan noted.
Going forward, the market will remain watchful of Mr. Trump’s policy announcements and key economic data from the world’s largest economy, Ms. Telagen said.
In Monday’s trading, for instance, some investors decided to wait on the sidelines longer. Value turnover dropped to P5.61 billion from P5.69 billion after 1.22 billion issues changed hands.
Foreign investors also sold more shares than what they bought, registering net sales of P142.77 million, a reversal of the P120.95 million in net inflows booked last Friday. Advancers led decliners, 108 to 79, while 45 stocks were unchanged.
“Locally, however, the Philippine GDP will be something to look forward to at the end of the week,” Ms. Telagen added, noting the PSEi may break 7,400 and retest 7,500 on expectations of favorable numbers.
“Investors are positioning ahead of larger economic data coming out during the week,” Mr. Limlingan noted, citing the release of the GDP and durable goods reports from the US in addition to the Philippines’ national accounts. – Keith Richard Mariano
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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/.
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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