Top Ten Smart Money Moves – January 26, 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 26, 2018 Data)
Total Traded Value – PhP 7.832 Billion – Low
Advances Declines – (Ideal is 2:1) 110 Advances vs. 97 Declines = 1.13:1 Neutral
Total Foreign Buying – PhP 3.593 Billion
Total Foreign Selling – (PhP 3.835) Billion
Net Foreign Buying (Selling) – (PhP 0.242) Billion – first 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
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 recovers to close at 2018’s 7th record high
January 26, 2018
By Arra B. Francia, Reporter
THE MAIN INDEX managed a technical rebound to close at 2018’s seventh record high on Thursday — even as it again stopped short of 9,000 — after taking a breather in the wake of the previous peak marked last Tuesday.
The Philippine Stock Exchange index (PSEi) gained 78.94 points or 0.88% to close 8,999.17, while the all-shares index went up 39.56 points or 0.76% to 5,245.25.
RCBC Securities, Inc. noted in its Stock Market Daily Recap report that “[t]he PSEi opened higher, moved into negative territory towards noon break and upon resumption of trading in the afternoon, but steadily climbed and spiked at the close.”
“I think it’s just really a technical behavior of the market: nothing of the fundamental reasons that’s supporting this,” Summit Securities, Inc. President Harry G. Liu said by phone yesterday.
Asked on chances PSEi will finally breach the 9,000 mark, Mr. Liu replied: “I feel strongly soon that we will be able to reach that. Tomorrow probably, there’s a very big possibility.”
Thursday’s list of the 20 most active stocks showed 12 gained, led by Bloomberry Resorts Corp. that surged 8.09% to P12.82 apiece and including LT Group, Inc. that went up by 5.78% to P23.80; Jollibee Foods Corp. that added 3.90% to P293; Robinsons Land Corp. which was up 3.85% to P21.60 and Megawide Construction Corp. that increased by 3.52% to P20.60 each.
The six stocks that sank were led by Alliance Global Group, Inc. and SM Prime Holdings, Inc. that dropped 1.25% to P15.80 apiece and by 1.03% to P38.50 each.
Many of PSEi’s counterparts elsewhere in Asia succumbed to weakness in the wake of falls by the S&P 500 (by 0.06%) and Nasdaq Composite (by 0.61%) indices.
Japan’s Nikkei 225 and Topix index, Hong Kong’s Hang Seng Index, the Shanghai Composite Index and the Straits Times Index fell by 1.13%, 0.88%, 0.92%, 0.31% and 1.01%, respectively, while the Jakarta Composite Index closed relatively flat and South Korea’s Kospi gained by 0.95%.
Locally, all sectoral indices gained, led by mining and oil that surged by 472.22 points or 3.99% to finish 12,283.04, followed by holding firms that went up by 121.33 points or 1.32% to 9,257.77; services that rose by 20.85 points or 1.24% to 1,696.34; industrials that increased by 114.40 points or 0.95% to 12,050.75; property that edged up by 14.56 points or 0.35% to 4,091.82; and financials that inched up by 1.36 points or 0.06% to 2,265.11.
Stocks that advanced outnumbered those that fell by 116 to 105, while 41 others were flat.
Volume improved, with 1.32 billion shares worth P8.88 billion changing hands compared to Wednesday’s 896.77 million shares worth P8.46 billion.
Foreigners reverted to buying mode with P119.62 million in net purchases marking a turnaround from Wednesday’s P47.28-million net sales.
In line with our VISION, A RESPONSIBLE IN EVERY FILIPINOS HOME, 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/. For those interested in the hard copy, please send email to: firstname.lastname@example.org Subject: The Responsible Trader – Hard Copy.
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: email@example.com Subject: The Responsible Trader – eBook Version.
The book continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:
The book can also be ordered online through our publisher, Central Book Supply. Just go to: http://central.com.ph/bookstoreplus then click Search – The Responsible Trader.
2. The Website: :http://www.theresponsibletrader.com where we publish our daily newsletter Top Ten Smart Money Moves, Stock Trading Lessons, and Inspirational Materials. (FREE)
3. The YouTube Channel: https://www.youtube.com/theresponsibletrader – where you can learn the course “Master’s Certificate in Technical Analysis” which was simplified in an easily understood manner. You can download these videos and learn them at your own convenient time. (FREE)
4. My Slideshare: http://www.slideshare.net/TheResponsibleTrader – where you can view and download copy of the Powerpoint Presentation of my TRT-POV (The Responsible Trader’s Point of View) of the videos posted in our Youtube Channel. (FREE)
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.