Top Ten Smart Money Moves – January 29, 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 29, 2018 Data)
Total Traded Value – PhP 8.871 Billion – Medium
Advances Declines – (Ideal is 2:1) 116 Declines vs. 95 Advances = 1.22:1 Neutral
Total Foreign Buying – PhP 4.450 Billion
Total Foreign Selling – (PhP 4.536) Billion
Net Foreign Buying (Selling) – (PhP 0.086) Billion – 2nd 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:
Local shares climb on optimism in telco sector
January 30, 2018
LOCAL EQUITIES climbed on Monday, propped up mainly by telco stocks as delays in the entry of a third telco player renewed sentiments for the sector.
The bellwether Philippine Stock Exchange index (PSEi) eked out a gain of 0.19% or 17.42 points to finish at 9,058.62. Still, this marks the main index’s ninth record high for 2018, after finishing past the 9,000 level for the first time last Friday at 9,041.20.
The broader all-shares index also added 0.07% or 3.68 points to 5,273.
“I think the main factor for today is investors’ optimism about telecommunication, which has been greatly battered since President (Rodrigo R.) Duterte’s proclamation of a third player,” IB Gimenez Securities, Inc. Research Head Joylin F. Telagen said in a text message on Monday.
Telco giants Globe Telecom, Inc. and PLDT, Inc. saw their shares jump on Monday, adding 8.76% to P1,899 and 6.52% to P1,601 each, respectively, after weeks of negative performances due to the possible entry of a third player that would break the telco duopoly in the country.
The Department of Information and Communications Technology earlier said the reallocation of mobile frequencies for a third telco player would require legislation, possibly prolonging its entry into the telecommunications industry.
Regina Capital Development Corp. Managing Director Luis A. Limlingan also attributed the market’s movement to base-building after it rose to fresh highs last week.
“Philippine markets traded slightly up, trying to establish firm ground at the 9,000 level,” Mr. Limlingan said in a mobile phone message.
Ms. Telagen also noted that generally improving global growth will likely boost corporate earnings.
“Corporate earnings are starting to trickle in and higher corporate earnings stabilize market valuation to an acceptable level,” she said.
Four sectors finished in positive territory, led by services which added 2.32% or 39.49 points to 1,736.30. The mining and oil sector followed with an increase of 0.36% or 44.43 points to 12,234.05; financials added 0.06% or 1.42 points to 2,258.15; while holding firms rose 0.05% or 4.95 points to 9,362.95.
The industrials and property sectors, meanwhile, ended in the red, losing 0.60% or 73.43 points to 12,016.53 and 0.54% or 22.49 points to 4,104.47, respectively.
A total of 1.27 billion issues changed hands, valued at P8.87 billion. Declining stocks prevailed, 116 against the 95 that recorded upticks, while 55 names were flat.
Foreign investors were sellers on Monday at a net P86.04 million, lower than Friday’s net sales of P242.25 million. Analysts have noted that foreigners may turn to international markets this week to post higher profits.
Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a stake in BusinessWorld through the Philippine Star Group, which it controls. — 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.