Top Ten Smart Money Moves – July 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 July 9, 2018 Data)
Total Traded Value – PhP 3.382 Billion – Low
Advances Declines – (Ideal is 2:1) 105 Declines vs. 81 Advances = 1.30:1 Neutral
Total Foreign Buying PhP 1.103 Billion
Total Foreign Selling – (PhP 1.834) Billion
Net Foreign Buying (Selling) (PhP 0.731) Billion – 3rd 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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PSEi ends flat as inflation dampens sentiment
July 9, 2018 | 9:00 pm
By Arra B. Francia, Reporter
SHARES barely moved on Monday as the higher inflation print in June and a projected interest rate hike in August dampened investor sentiment.
The 30-member Philippine Stock Exchange index (PSEi) ended flat at 7,186.62 Monday, July 9, slipping by a mere 0.09 point.
The broader all-shares index was also relatively unchanged with a 0.04% decrease or 2.04 points to 4,385.30.
“The PSEi traded around the 7,200, but the overhang from the inflation data and forecast of a 50-basis point increase during the Aug. 9 BSP (Bangko Sentral ng Pilipinas) meeting still weighed on the market,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
A sell-off was observed in stocks of Metropolitan Bank & Trust Co. — also the most actively traded name of the day — following rumors of being involved in a loan scam. While the company clarified that the rumor was not true, shares still fell 2.72% or P1.90 to close at P67.85 each on Monday.
The main index bucked the trend in its regional and international counterparts, which mostly showed gains on Monday and over the weekend.
In Wall Street, the Dow Jones Industrial Average jumped 0.41% or 99.74 points to 24,456.48. The S&P 500 index firmed up 0.85% or 23.21 points to 2,759.82, while the Nasdaq Composite index climbed 1.34% or 101.96 points to 7,688.39.
Majority of Asian indices also ended in the green.
“In light of the lack of positive leads, and the still evident slack in overall activity, the gains, thin as they already were, disappeared heading into the final hour of morning trades. It steadied for some time at the +5 and +6 points, but with nothing to propel it, the pessimism resurfaced,” Philstocks Financial, Inc. Research Head Justino R. Calaycay, Jr. said in an e-mail.
Locally, sectoral indices were equally split between gainers and losers. Holding firms led the increase with an uptick of 0.42% or 29.61 points to 7,050.86, followed by financials which rose 0.12% or 2.22 points to 1,774.01. Property, meanwhile, added 0.01% or 0.61 point to close at 3,553.13 Monday, July 9.
Meanwhile, industrials dropped 0.97% or 101.16 points to 10,231.05; mining and oil shed 0.39% or 37.93 points to 9,560.27; while services went down 0.17% or 2.42 points to 1,411.74.
Value turnover thinned further to P3.38 billion after some 606.5 million issues switched hands, dropping from the P4-billion turnover average seen last week.
Decliners outpaced advancers, 105 to 81, while 49 names were unchanged.
Foreign investors remained sellers for the third straight day, dumping a net P730.88 million in funds versus the P637.98-million net sales recorded on Friday.
Source: http://bworldonline.com/psei-ends-flat-as-inflation-dampens-sentiment/
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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: 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.