Top Ten Smart Money Moves – July 19, 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 July 19, 2017 Data)
Total Traded Value – PhP 7.893 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 116 Advances vs. 80 Declines = 1.45:1 Neutral
Total Foreign Buying – PhP 3.915 Billion
Total Foreign Selling – (PhP 3.757) Billion
Net Foreign Buying (Selling) – PhP 0.159 Billion – 3rd day of Net Foreign Buying
After 3 days 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
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
Bourse extends gains to close in on 8,000 mark
Posted on July 20, 2017
THE MAIN INDEX closed in on the 8,000 level on Wednesday as investors resorted to bargain hunting ahead of President Rodrigo R. Duterte’s second State of the Nation Address (SONA) on Monday next week and the release of second-quarter earnings reports.
The Philippine Stock Exchange index (PSEi) touched 8,005 intraday but failed to sustain momentum and ended rising just 19.98 points or 0.25% to 7,972.90 — its third consecutive day of closing gains — while the broader all-shares index climbed 20.28 points or 0.43% to 4,775.96. The PSEi last touched the 8,000 mark on June 15 at 8,028.22.
“Philippine markets continued gradual bargain hunting ahead of both the SONA and earnings season, since US markets closed mixed Tuesday with falling bank shares and rising tech stocks,” said Regina Capital Development Corp. Managing Director Luis A. Limlingan in a mobile phone message on Wednesday.
Mr. Limlingan described as a “less cheery picture” on US figures as the Federal Reserve Bank of New York’s Empire State manufacturing index dropped to 9.8 in July from June’s 19.8.
“The bulls will likely attempt another push through resistance, but it sees more likely to me that selling pressure will be greater,” PNB Securities, Inc. President Manuel G. Lisbona said in a text message yesterday.
Mr. Lisbona noted that value turnover still remained strong at P7.89 billion — up from Tuesday’s P6.49 billion — as 2.02 billion shares changed hands, signaling “robust” investor participation.
Advancers outnumbered losers 116 to 80, while 59 issues were unchanged.
Foreigners remained buyers at a net P158.11 million, just a little more than half Tuesday’s P275.29 million.
Two of six sectoral indices declined yesterday: financials fell 4.15 points or 0.21% to finish 1,959.24, while holding firms inched down a relatively flat 0.55 of a point or 0.007% to close 7,954.52.
In contrast, services went up 16.80 points or 1.005% to close 1,688.41, property gained 22.40 points or 0.59% or to 3,773.38, industrial increased by 60.82 points or 0.54% to 11,245.72, while mining and oil rose by 54.14 points or 0.42% to finish 12,860.
The local bourse was in step with Asian peers: the Nikkei 225, the Tokyo Price Index, Hong Kong’s Hang Seng, Shanghai-Shenzhen’s CSI 300, Australia’s S&P/ASX 200 and MSCI AC Asia Pacific rose 0.10%, 0.09%, 0.56%, 1.71%, 0.79% and 0.39%, respectively.
Stocks that gained were led by Semirara Mining and Power Corp. (1.37% to P162.30 each); BDO Unibank, Inc. (0.08% to P122.20); International Container Terminal Services, Inc. (1.55% to P105); DMCI Holdings, Inc. (3.15% to P15.72); Jollibee Foods Corp. (1.57% to P220.40) and SM Investments Corp. (0.25% to P797.50).
Those that retreated were led by Metropolitan Bank & Trust Co. (-1.34% to P91.70 apiece); Ayala Land, Inc. (-0.12% to P41.70) and Metro Pacific Investments Corp. (-1.44% to P6.85). — Janina C. Lim
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.
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)
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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