Top Ten Smart Money Moves – January 24, 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.
Trading Notes for Today – (Based on January 24, 2018 Data)
Total Traded Value – PhP 8.461 Billion – Medium
Advances Declines – (Ideal is 2:1) 115 Declines vs. 103 Advances = 1.12:1 Neutral
Total Foreign Buying – PhP 3.842 Billion
Total Foreign Selling – (PhP 3.889) Billion
Net Foreign Buying (Selling) – (PhP 0.047) Billion – first day of Net Foreign Selling after 8 days 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
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 pulls back from record high on profit taking
January 25, 2018
SHARES on Wednesday ended a three-day rally that had seen the main index closing short of 9,000 the day before to mark the year’s sixth peak, as investors pocketed gains.
The Philippine Stock Exchange index (PSEi) closed 78.79 points or 0.87% down at 8,920.23, while the all-shares index shed 8.92 points or 0.17% to 5,205.69.
“After nearly touching 9,000, investors finally resorted to profit taking as investment managers still digest the impact of the underwhelming fourth-quarter 2017 GDP results,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message, referring to a 6.6% gross domestic product (GDP) pace that fell short of the market’s 6.7% expectation for those three months.
Socioeconomic Planning Secretary Ernesto M. Pernia on Tuesday had noted, however, that the 6.7% full-year clip that fell within the government’s 6.5-7.5% target for 2017 was “strong,” considering it was achieved after an election year — hence saw weaker household consumption — and still kept the country among Asia’s fastest-growing economies after China (6.9%) and Vietnam (6.8%).
Wednesday saw the list of the 20 most active stocks equally divided between those that gained and those that declined, with the former led by the likes of Ayala Land, Inc.; Bloomberry Resorts Corp. and Metropolitan Bank & Trust Co. that increased by 1.43% to P46.25 apiece, 5.33% to P11.86 and 1.90% to P102 each, respectively, while the latter were led by BDO Unibank, Inc.; SM Investments Corp.; Ayala Corp.; Bank of the Philippine Islands; SM Prime Holdings, Inc.; LT Group, Inc.; and GT Capital Holdings’ Inc. that fell by 1.003% to P157.90 apiece; 0.64% to P1,088; 0.96% to P1,035; 2.40% to P118.10; 1.52% to P38.90; 4.26% to P22.50 and 2.41% to 1,338 per share.
“It’s just profit taking off the recent high… But if anything, pullbacks are welcome at this point and we would take it as an opportunity to buy,” RCBC Securities, Inc. equity analyst Jeffrey Lucero said in a text message.
Four of the six sectoral indices closed lower, with holding firms falling by 154.74 points or 1.66% to 9,136.44; followed by mining and oil that dropped 157.56 points or 1.31% to 11,810.82; financials which shed 13.27 points or 0.58% to 2,263.75 and industrials that slipped by 3.05 points or 0.02% to 11,936.35.
Services and property gained, by 9.68 points or 0.58% to 1,675.49 and by 4.51 points or 0.11% to 4,077.26, respectively.
Trading thinned slightly to 896.77 million stocks worth P8.46 billion from Tuesday’s 1.19 billion issues worth P8.54 billion. Stocks that declined outnumbered those that gained by 115 to 103, while 40 names were flat. Foreigners ended eight days of net buying, with Wednesday seeing P47.284-million net sales instead. — 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.