Top Ten Smart Money Moves – January 23, 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) 125 Advances vs. 84 Declines = 1.49:1 Neutral
Total Foreign Buying – PhP 4.919 Billion
Total Foreign Selling – (PhP 4.654) Billion
Net Foreign Buying (Selling) – PhP 0.265 Billion – 8th 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 stops short of 9,000 as GDP data fuel hopes
January 24, 2018
LOCAL EQUITIES ended Tuesday at the year’s sixth peak, closing just under a point short of the 9,000 mark as initial investor disappointment over slower-than-expected fourth-quarter economic growth gave way to optimism that 2017’s full-year clip provided momentum for expansion in 2018.
The Philippine Stock Exchange index (PSEi) finished 48.40 points or 0.54% higher at 8,999.02 — also an intraday peak — while the all-shares index went up 41.60 points or 0.80% to close at 5,214.61.
“The PSEi plunged into the red zone a few minutes after opening and stayed there almost until the close,” RCBC, Inc. noted in its stock market daily recap.
“However, buying before close sent the index back up to close a hair’s breadth below 9,000, specifically at 8,999.02… a new record high for the market.”
The Philippine Statistics Authority in the morning reported 6.6% gross domestic product (GDP) growth for 2017’s fourth quarter — against market expectations of 6.7% — flat from a year ago though slower than the third quarter’s upwardly revised 7%. That brought 2017’s full-year pace to 6.7% against an official 6.5-7.5% target and 2016’s 6.9%.
“It’s quite a good number,” UPCC Securities Corp. equity trader Aristotle D. Reyes, Jr said in a telephone interview.
“I think the analyst consensus for the full 2017 is 6.6% only, and despite all the challenges last 2017, we still had 6.7% GDP,” he noted.
“So I think going to 2018 there’s still optimism.”
Mr. Reyes added that the market also anticipated generally positive corporate year-end reports due for release soon. “We are up also because investors are very optimistic on reports for the 2017, which are coming maybe first week of February or late this January,” he said.
Only one sectoral index ended lower: financials, which shed 9.85 points or 0.43% lower to end at 2,277.02.
The rest closed with gains: holding firms increased by 109.98 points or 1.19% to 9,291.18; mining and oil rose by 77.27 points or 0.65% to 11,968.38; services went up by 9.06 points or 0.54% to 1,665.81; industrials added 56.54 points or 0.47% to 11,939.4; while property edged up by 16.62 points or 0.41% to 4,072.75.
In a reversal from previous days, stocks that advanced outnumbered those that fell 125 to 84, while 47 were unchanged.
A total of 1.19 billion stocks worth P8.55 billion changed hands, compared to Monday’s 890.17 million issues worth P8.14 billion.
Foreigners marked their eighth straight trading day of net buying, though 40.9% smaller at P264.82 million from Monday’s P448.38 million.
Tuesday’s list of most active stocks showed nine gained, led by San Miguel Corp. and SM Investments Corp. that went up 3% to P140.90 apiece and 2.34% to P1,095 each, respectively, and eight lost, led by LT Group, Inc. and Pilipinas Shell Petroleum Corp. that fell 4.08% to P23.50 apiece and 2.65% to P64.25 each, respectively. — Arra B. Francia
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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.