Top Ten Smart Money Moves – January 26, 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 26, 2017 Data)
Total Traded Value – PhP 7.021 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 95 Advances vs. 84 Declines = 1.13:1 Neutral
Total Foreign Buying – PhP 3.630 Billion
Total Foreign Selling – (PhP 3.940 Billion)
Net Foreign Buying (Selling) – (PhP 0.310) Billion – 4th 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:
PHL stocks rebound as investors pick up bargains
Posted on January 27, 2017
THE LOCAL MARKET posted some gains from bargain hunting activities following the release of Philippine economic growth data that was within expectations and the record performance of US indices.
The benchmark Philippine Stock Exchange index (PSEi) recovered 9.28 points or 0.13% to 7,332.64 on Thursday.
The broader all shares also posted a 4.16-point or 0.09% rebound to 4,410.89.
“The market traded rather flat as the GDP (gross domestic product) came out within expectations this morning,” Luis A. Limlingan, managing director of Regina Capital Development Corp., said in a mobile phone message after trading hours on Thursday.
The Philippine economy expanded by 6.6% during the fourth quarter of 2016, bringing the annual rate to 6.8%, near the upper end of the government’s 6-7% target, according to the Philippine Statistics Authority.
“[The fourth-quarter] GDP growth of 6.6% was in line [with expectations], so that’s a good thing,” Miguel A. Agarao, investment analyst at Wealth Securities, Inc., noted in a mobile phone message.
“Because it was at forecast, there was no marked reaction from the market. However, [Socioeconomic Planning Secretary Ernesto M.] Pernia’s comment that a 7% GDP growth is sustainable in the coming years is positive over the long term.”
Most counters extended their losses on Thursday. Industrials dropped by 25.37 points or 0.23% to 11,126.23; property by 5.73 points or 0.17% to 3,312.82; services by 1.76 points or 0.12% to 1,430.74; and mining and oil by 8.95 points or 0.07% to end at 12,338.95.
Only financials and holding firms closed in the green, advancing 17.65 points or 1.01% to 1,760.89 and 13.55 points or 0.18% to 7,518.47, respectively.
“Some slight bargain-hunting was observed mainly owing to the fact that US stocks recorded a trifecta of all-time highs on Wednesday,” Mr. Limlingan noted, with local value turnover accordingly rising to P7.02 billion from P5.46 billion after 2.70 billion issues exchanged hands.
Advancers edged out decliners, 95 to 84, while 50 stocks were unchanged during the session.
Foreign investors, however, continued to trim their exposure to local stocks. On Thursday, net foreign selling almost quadrupled to P309.98 million from the P83.68 million registered the previous session.
“The GDP number is a bit expected and not much surprising but still a good number,” UPCC Securities, Inc. trader Aristotle D. Reyes, Jr. said in a mobile phone message.
“But we can see the market to continue trade within range as investors look for a clear path about the concerns with Trump’s presidency and its policies and how are we going to be affected by those policies,” Mr. Reyes noted, adding that corporate earnings reports for 2016 may provide the market with direction in the coming days. — Keith Richard D. Mariano
We aim to continue promoting financial literacy on the area of stock market trading and investing to our countrymen both here and abroad through the following:
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/.
As requested by those abroad and those who want the book in digital form, we have produced an eBook version. For those interested please send email to: firstname.lastname@example.org Subject: The Responsible Trader – eBook Version.
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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