Top Ten Smart Money Moves – June 22, 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 22, 2017 Data)
Total Traded Value – PhP 8.684 Billion – Medium
Advances Declines Ratio – (Ideal is 2:1) 102 Declines vs. 98 Advances = 1.04:1 Neutral
Total Foreign Buying – PhP 4.911 Billion
Total Foreign Selling – (PhP 4.238) Billion
Net Foreign Buying (Selling) – PhP 0.673 Billion – 2nd 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:
PSEi skids to three-week low, bucks Asia’s gains
Posted on June 23, 2017
LOCAL EQUITIES retreated for a third straight day to drag the Philippine Stock Exchange index (PSEi) to a three-week low.
Analysts blamed the persistent weakness to external factors although some pointed to a weakening peso and Credit Suisse’s gloomier economic outlook on the Philippines as also damping sentiment.
“Philippine stocks slumped before the BSP (Bangko Sentral ng Pilipinas) released its stance on monetary policy while tracking regional peers,” said Luis A. Limlingan, business development head at Regina Capital Development Corp.
The BSP held fire on rates at its Thursday meeting.
The PSEi lost 28.03 points or 0.35% to finish at 7,858.34, its worst since May 31.
The broader all-shares index also slipped by 9.27 points or 0.19% to close at 4,699.52. Save for financial stocks, all sector indices declined.
Mr. Limlingan said US stocks slumped for a second day as oil prices continued their downward trek, dragging energy shares.
He said a negative start on Wall Street persisted throughout the day, preventing the PSEi to climb above the 20-day moving average of 7,920. He pegged the main index’s support at the 50-day moving average of 7,800.
Miguel A. Agarao, vice-president of Philequity Management, Inc., pointed to the weak peso and volatile global markets as the factors that weighed down local stocks.
Asian stocks advanced on Thursday, but European stocks were mixed with financial spread better CMC Markets expecting Britain’s FTSE 100 to open up 0.1%, Germany’s DAX to be little changed and France’s CAC 40 to start the day down 0.1%. All three closed in negative territory on Wednesday.
MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.7%. Chinese shares added to gains made on Wednesday after MSCI included mainland shares in its emerging market indexes. The blue-chip index rose 1.3%. The Hang Seng failed to sustain early gains.
“Credit Suisse also downgraded our GDP (gross domestic product) growth forecast,” Mr. Aragao added.
Miko S. Sayo, trader at Angping & Associates Securities, Inc., said: “Foreign funds are still not buying.”
Foreigners on Thursday bought more shares than they sold, resulting in a net buying of stocks worth P673.44 million, more than double the other day’s net of P337 million.
Value turnover was P8.68 billion, slightly higher than the P8.14 billion posted on Wednesday. But losers outnumbered gainers at 102 to 98, while 47 stocks closed unchanged. — V.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