Top Ten Smart Money Moves – January 8, 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 8, 2018 Data)
Total Traded Value – PhP 7.073 Billion – Low
Advances Declines – (Ideal is 2:1) 128 Declines vs. 75 Advances = 1.7:1 Neutral
Total Foreign Buying – PhP 3.414 Billion
Total Foreign Selling – (PhP 2.212) Billion
Net Foreign Buying (Selling) – PhP 2.202 Billion – 2nd 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:
PSE index snaps rally as investors pocket gains
January 9, 2018
By Arra B. Francia, Reporter
SHARES dropped on Monday, snapping the benchmark index’s eight-day rally as investors resorted to profit taking.
The 30-member Philippine Stock Exchange index (PSEi) shed 0.28% or 24.88 points to finish yesterday’s session at 8,745.12.
The all-shares index declined by 0.20% or 10.55 points to 5,065.77.
“The PSEi probably succumbed to some profit taking today, after gaining more than 200 points or 2.4% during the first three trading days of the year,” Timson Securities, Inc. Marketing Head Mark Levinson R. Koa said in a text message on Monday.
Regina Capital Development Corp. Managing Director Luis A. Limlingan noted that the decline came after “successive days of breaking records the previous week.”
The PSEi started trading above the 8,700 mark last Jan. 3, allowing it to post three straight record highs during the shortened trading week. This boosted analysts’ expectations for the index to breach the 9,000 level this year.
Mr. Limlingan added that the PSEi’s drop follows the release of employment data in the United States.
“The unemployment rate remained at 4.1%, matching the lowest level since December 2000 for the third straight month, with benefits hitting a widening swath of the population,” Mr. Limlingan said.
Most Southeast Asian stock markets rose on Monday, mirroring gains on Wall Street last week and as expectations of higher corporate earnings buoyed sentiment.
Wall Street gained last Friday, with the Dow Jones Industrial Average hovering above the 25,000 mark to close at 25,295.87, 0.88% or 220.74 points higher. The S&P 500 index added 0.70% or 19.16 points to 2,743.15; while the Nasdaq Composite Index edged 0.83% or 58.64 points higher to 7,136.56.
Back home, sectoral counters ended mixed with four losers and two advancers. The property sub-index posted the largest decline at 1.34% or 55.25 points to 4,040.97, followed by mining and oil which lost 0.91% or 106.05 points to 11,493.44. Financials gave up 0.50% or 11.28 points to close at 2,242.20; while services decreased 0.36% or 5.92 points to 1,600.73.
On the other hand, holding firms added 0.38% or 34.76 points to close the session at 8,975.44, while industrials climbed 0.25% or 28.87 points to 11,529.
The market saw a total of 1.09 billion issues change hands valued at P7.07 billion, down from Friday’s P10.57 billion.
Decliners beat advancers, 128 to 75, while 43 issues closed flat.
Net foreign inflows climbed to P1.2 billion on Monday from the P892.18 million recorded during the previous trading session.
Among the day’s most actively traded stocks were Sy-led companies, with BDO Unibank, Inc. giving up 2.31% to P156.30 apiece. SM Investments Corp. added 0.49% to P1,025 each, while SM Prime Holdings, Inc. lost 2.41% to P38.40.
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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: email@example.com Subject: The Responsible Trader – Hard Copy.
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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.