Top Ten Smart Money Moves – July 5, 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 July 5, 2018 Data)
Total Traded Value – PhP 5.204 Billion – Low
Advances Declines – (Ideal is 2:1) 113 Declines vs. 100 Advances = 1.51:1 Neutral
Total Foreign Buying PhP 2.997 Billion
Total Foreign Selling – (PhP 3.522) Billion
Net Foreign Buying (Selling) (PhP 0.525) Billion – first day of Net Foreign Selling after a day of Net Foreign Buying
Data from the Philippine Stock Exchange
Screenshot courtesy of 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:
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PSE index bleeds as inflation exceeds estimates
July 5, 2018 | 9:00 pm
THE MAIN INDEX bled on Thursday after June inflation data turned out to be much faster than expected.
The benchmark Philippine Stock Exchange index (PSEi) plunged 1.56% or 114.85 points to 7,233.57 Thursday, July 5, snapping its longest winning streak since February. The broader all-shares index also dropped 1.04% or 46.42 points to 4,407.62.
“June inflation kicked up 5.2%, surpassing all estimates… It comes as little surprise that the PSEi dropped over 100 points, settling at 7,233.57 confirming resistance at the 7,250 mark, erstwhile the bear market line broken late last month. Until this is sustainably broken, the consensus that we are in the embrace of the bear holds,” Philstocks Financial, Inc. Research Head Justino B. Calaycay, Jr. said in an e-mail.
The Philippine Statistics Authority on Thursday reported inflation accelerated to a fresh five-year high of 5.2% in June from May’s 4.6%, bringing the year-to-date inflation average to 4.3%.
The June inflation print surpassed the Bangko Sentral ng Pilipinas’ (BSP) 4.3-5.1% estimate range for the month, the Department of Finance’s estimate of 4.9% and the market consensus of 4.7%.
BSP Governor Nestor A. Espenilla, Jr. called the result a “setback,” saying this will “shape the strength and timing of our next monetary policy response to firmly anchor inflation expectations.”
“All eyes would now be on the BSP as the high and unexpected inflation figure will surely have a heavy hand in their next monetary policy meeting on Aug. 9,” Papa Securities Corp. trader Gabriel Jose F. Perez said in an e-mail.
Philstocks’ Mr. Calaycay said they are looking at “at least one or even two more tweaks to the BSP policy rate” to combat higher inflation.
“While government seems still in “denial” over TRAIN’s (Tax Reform for Acceleration and Inclusion) impact on the prices of basic goods, the body of evidence to the contrary is growing. But whether the argument is valid (or false), it is the perception of the former that has lent apprehension to investors,” Mr. Calaycay said.
All sectors ended in negative territory, with holding firms leading the decline with a 2.09% drop or 151.76 points to 7,101.
Industrials slumped 1.31% or 138.03 points to 10,327.84, followed by financials which shed 1.25% or 22.56 points to 1,776.03.
Property gave up 0.74% or 27.13 points to 3,598.11; services went down 0.64% or 9.21 points to 1,409.06; while mining and oil slipped 0.01% or 1.74 points to 9,667.88.
Value turnover remained slim at P5.20 billion after some 680.84 million issues switched hands, albeit higher than the P4.94-billion turnover seen on Wednesday.
Foreign investors turned sellers with net foreign outflows reaching P524.71 million, immediately reversing the previous session’s net purchases of P449.85 million. Decliners prevailed for the day at 113, versus 75 gainers and 60 that remained flat. — Arra B. Francia
Source: http://bworldonline.com/pse-index-bleeds-as-inflation-exceeds-estimates/
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In line with our VISION, A RESPONSIBLE IN EVERY FILIPINOS HOME, 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/. For those interested in the hard copy, please send email to: ninjatrader919@gmail.com Subject: The Responsible Trader – Hard Copy.
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Good luck on all your TRADES today.
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.