Top Ten Smart Money Moves – July 21, 2016
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 21, 2016 Data)
Total Traded Value – PhP 10.457 Billion – Medium
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 118 Declines vs. 78 Advances = 1.51:1 Neutral
Total Foreign Buying – PhP 5.564 Billion
Total Foreign Selling – (Php 4.242) Billion
Net Foreign Buying (Selling) Php 1.322 Billion – 10th day of Net Foreign Buying after 1 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
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
PSEi closes above 8,100, highest in 15 months
Posted on July 22, 2016
THE PHILIPPINE Stock Exchange index (PSEi) surged to a 15-month high on Thursday, amid expectation of strong corporate earnings and positive sentiment ahead of President Rodrigo R. Duterte’s first State of the Nation Address (SONA) on July 25.
The main index breached the 8,100 mark to close at 8,102.30, up 50.33 points or 0.63%. Thursday’s closing level was the highest since the index finished at an all-time high of 8,127.48 on April 10, 2015.
Likewise, the broader all-shares index increased 0.53% or 25.49 points to 4,828.14.
“The PSEi landed at its new 2016 high for a third straight day as hopes for more economic stimuli around the world kept risk appetite elevated. The positive outlook on domestic corporate earnings and economy also helped boost share prices,” Ralph Christian G. Bodollo, equity research analyst at RCBC Securities, Inc., said in a report.
Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a phone interview that investors are buying in anticipation of strong domestic corporate earnings and Mr. Duterte’s SONA.
On the other hand, Alexander Adrian O. Tiu, research analyst at A&A Securities, Inc., said local stocks also got a boost after a report showed Japan is planning a fresh and bigger stimulus program.
“[The increase] was due to overall bullishness from expected monetary stimulus from Japan. Japan will continue to push more stimulus. Asset prices will be positive,” he said.
For Friday’s session, Mr. Tiu expects the PSEi to reach a new peak at 8,150.
All indices finished in the green except mining and oil, which dropped 0.48% or 53.84 points to 11,163.03.
The mining index was partly dragged by Nickel Asia Corp., which fell as much as 7.8% after Environment Secretary Regina Paz L. Lopez on Wednesday ordered its subsidiary to halt the transport of ore from its site in Eastern Samar to curb the hazards posed by excessive soil extraction.
In a clarification sent to the stock exchange, Nickel Asia said its unit Hinatuan Mining Corporation (HMC) has not received any order from the Department of Environment and Natural Resources. It added “any suspension in the stockpile disposal activities in Manicani will not materially affect the overall financials of NAC.”
Mr. Tiu said the news added to the negative sentiment towards mining companies.
On the other hand, the property index saw the biggest increase at 1.35% or 49.40 points to 3,700.33. Industrial rose 0.66% or 79.26 points to 12,088.34; financials went up by 0.33% or 5.98 points to 1,828.46; holding firms climbed 0.32% or 25.56 points to 7,994.86; and services increased 0.15% or 2.56 points to 1,660.70.
Decliners outnumbered advancers, 118 to 78, while 48 names were unchanged.
Foreigners were buyers with net purchases totalling P1.3 billion, higher than the P977.93 million seen on Wednesday.
Value turnover reached P10.46 billion, a boost from Wednesday’s P8.81 billion, as 1.62 billion shares changed hands. — J.M.D. Soliman
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
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 P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion