Top Ten Smart Money Moves – July 24, 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 24, 2017 Data)
Total Traded Value – PhP 5.846 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 109 Declines vs. 100 Advances = 1.09:1 Neutral
Total Foreign Buying – PhP 2.949 Billion
Total Foreign Selling – (PhP 2.869) Billion
Net Foreign Buying (Selling) – PhP 0.080 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
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
Local shares decline ahead of Duterte’s SONA
Posted on July 25, 2017
STOCKS opened the week in negative territory as the market took a breather ahead of President Rodrigo R. Duterte’s State of the Nation Address (SONA).
The bellwether Philippine Stock Exchange index fell 0.33% or 27.09 points to 7,962.64.
The broader all-shares index also dropped 0.27% or 12.97 points to 4,758.67.
“The market is still moving within the trading range, between 7,800 and 8,000, but value turnover was subdued as investors are waiting to digest the contents of the President’s SONA,” PNB Securities, Inc. Manuel Antonio G. Lisbona said in a text message on Monday.
“On top of that, the market is bracing for key economic releases this week in the US, which are the Q2 GDP (gross domestic product) advance estimate and the Q2 employment cost index on Friday,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message yesterday.
“Later in the week, we do not expect any policy changes at the July FOMC (Federal Open Market Committee) meeting and expect only limited changes to the post-meeting statement. Investors will likely focus their attention on possible changes to the language describing inflation and the timing of balance sheet normalization,” Mr. Limlingan added.
The Federal Reserve starts a two-day policy meeting today, where it is expected to keep borrowing costs steady but possibly make hints on future interest rate hikes.
Of the sectors, only services saw gains, inching up 0.01% or 0.17 point to 1,693.21.
Meanwhile, property slumped 0.48% or 18.43 points to 3,772.54; mining and oil declined 0.48% or 62.97 points to 12,928.09; industrials went down 0.38% or 43.24 points to 11,193.09; holding firms declined 0.36% or 28.61 points to 7,899.32; and financials dropped 0.09% or 1.89 points to close at 1,963.12.
Decliners beat advancers, 109 to 100, while 50 issues were unchanged.
Value turnover stood at P5.85 billion on Monday, lower than the P7.86 billion logged last Friday, as 2.71 billion shares changed hands.
Foreigners continued to be net buyers at P79.85 million, higher than the P67.08 million in net purchases seen the prior trading day.
Southeast Asian stock markets were sluggish in low-volume trade on Monday, in line with Asian peers as US political uncertainties dampened hopes for quick passage of President Donald J. Trump’s stimulus and tax reform agendas, weighing on investors’ risk appetite.
The Trump administration, already dogged by investigations into alleged Russian meddling in the US election, took a fresh hit on Friday after White House spokesman Sean Spicer resigned, highlighting an upheaval within the president’s inner circle.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.1% in early trade. The dollar index against a group of six currencies was little changed at 93.854. — JCL with Reuters
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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