Top Ten Smart Money Moves – June 21, 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 June 21, 2017 Data)
Total Traded Value – PhP 8.138 Billion – Medium
Advances Declines Ratio – (Ideal is 2:1) 107 Declines vs. 94 Advances = 1.14:1 Neutral
Total Foreign Buying – PhP 4.398 Billion
Total Foreign Selling – (PhP 4.061) Billion
Net Foreign Buying (Selling) – PhP 0.337 Billion – 1st day of Net Foreign Buying after 2 days 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 stocks tank on drop in oil, MSCI’s China call
Posted on June 22, 2017
THE Philippine Stock Exchange index (PSEi) barely budged on Wednesday, falling by 31.49 points or 0.39% to 7,886.37 to extend its losses for a second straight session.
It tracked emerging equities that languished for a second day following a drop in oil and amid worries that Asian markets could see investment outflows as a result of MSCI’s decision to include China in a benchmark share index.
“Due to lack of positive news and pleasant surprises, PSEi loses steam in breaching 8,000 and peaking,” said Alexis Cabel, research head and cofounder of Corpecon Data Research Services.
He expects support to mirror the level reached by the main index in January and February this year.
Jonathan L. Ravelas, BDO Unibank, Inc. chief market strategist, said the market had remained range-bound, with the PSEi moving between 7,700 and 8,000 levels.
Harry G. Liu, president of Summit Securities, Inc., expects the index’s support at between 7,650 and 7,700 while the resistance at 8,000 to 8,020.
Overseas, a number of indicators came out unfavorably for local stocks, said Luis A. Limlingan, business development head at Regina Capital Development Corp.
“Shares were dragged down with US stocks declining, oil prices slumping into a bear market, and the unexpected inclusion of China’s A-shares into the MSCI index,” he said. “Crude futures sank to a 10-month low amid worries of a supply glut. West Texas Intermediate (WTI) was down 2% to $43.23/barrel in Nymex — the lowest since August,” he added.
Index provider MSCI had announced that China’s domestic A-shares would be included in the equity index, a move that could result in an estimated $81 billion in potential inflows to onshore equities in the coming years.
“As such, inclusion is unlikely to result in a significant shift in the underlying flow picture, in our view,” he said.
Along with PSEi, the wider all-shares index slipped by 10.45 points or 0.22% to finish at 4,708.79.
Losers outnumbered gainers at 107 to 94, while 41 stocks finished unchanged. Value turnover improved to P8.14 billion, up 15% from P7.08 billion the other day.
Services led the losing sectors as the sub-index gave up 19.45 points or 1.11% to close at 1,726.38. Property was down 30.14 points or 0.80% to 3,707.73, financials slipped by 3.27 points or 0.17% to 1,922.73 while industrials finished unchanged at 11,154.03.
Holding firms gained 9.73 points or 0.12% to 7,809.99, while the mining and oil index rose by 4.06 points or 0.03% to 12,497.26.
Yesterday’s session ended with foreign funds reverting to being net buyers of local shares at P337 million. They were net sellers the other day at P374.78 million.
GT Capital Holdings, Inc. led the most active stocks with a total trading value of P649 million. Universal Robina Corp., SM Prime Holdings, Inc., Ayala Land, Inc. and Ayala Corp. rounded out the top five. — Victor V. Saulon with Reuters
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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/.
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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