Top Ten Smart Money Moves – January 9, 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 9, 2018 Data)
Total Traded Value – PhP 8.356 Billion – Medium
Advances Declines – (Ideal is 2:1) 118 Advances vs. 93 Declines = 1.27:1 Neutral
Total Foreign Buying – PhP 4.489 Billion
Total Foreign Selling – (PhP 3.069) Billion
Net Foreign Buying (Selling) – PhP 1.420 Billion – 3rd 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:
Stocks soar to 8,900 level on positive sentiment
January 10, 2018
STOCKS soared on Tuesday, pushing the main index to another all-time high as it tracked the gains of international markets.
Yesterday’s close is the PSEi’s fourth all-time high for 2018, just five trading days into the new year.
The broader all-shares index also climbed 1.43% or 72.86 points to 5,138.63.
“After a mild sell-off yesterday (Monday), Philippine markets retained the upward trajectory with a new record level once again,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said on Tuesday.
“I think the local stock market is just following the global equities’ record close following higher global growth,” IB Gimenez Securities, Inc. Head of Research Joylin F. Telagen said in a text message.
Wall Street logged record highs in previous days before taking a pause on Monday as it gave up 0.05% or 12.87 points to 25,283. The S&P 500 index and Nasdaq Composite index continued their climb, closing 0.17% or 4.56 points higher to 2,747.71 and 0.29% or 20.83 points up to 7,157.39, respectively.
Most Southeast Asian stock markets also rose on Tuesday, tracking broader Asian peers, with Singapore extending gains to touch a 32-month high.
Japanese markets, which were closed on Monday for a national holiday, were up, with the Nikkei share average hitting a 26-year high.
Singapore added 0.50%, its highest since April 2015, on broad-based gains.
Thai shares rose as much as 0.30%, with materials and financials pushing the index higher, before paring gains.
Indonesia fell marginally, snapping three straight sessions of gains. An index of the country’s 45 most liquid stocks fell 0.30%.
Vietnam climbed as much as 1%, its highest since November 2007, while Malaysia fell 0.10%.
IB Gimenez’ Ms. Telagen added that the government’s tax reform and infrastructure programs continued to boost investor sentiment.
All sectoral indices moved to positive territory, with property leading the charge with a 2.4% or 96.97-point increase to 4,137.94; financials followed with a gain of 2.24% or 50.32 points to 2,292.52; holding firms climbed 1.72% or 154.98 points to 9,130.42; industrials added 1.17% or 135.14 points to 11,664.14; mining and oil gained 1.01% or 116.55 points; while services increased 0.82% or 13.18 points to 1,613.91.
Value turnover was recorded at P8.36 billion on Tuesday, higher than Monday’s P7.07 billion, which 709.37 million issues changing hands.
The market saw 118 names advance versus 93 that declined, while 47 remained unchanged.
Foreign investors continued to place their funds in the country, as net foreign inflows climbed to P1.42 billion from P1.2 billion logged on Monday. — Arra B. Francia with Reuters
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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.