Top Ten Smart Money Moves – March 1, 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 March 1, 2018 Data)
Total Traded Value – PhP 7.564 Billion – Low
Advances Declines – (Ideal is 2:1) 110 Declines vs. 84 Advances = 1.31:1 Neutral
Total Foreign Buying PhP 2.462 Billion
Total Foreign Selling – (PhP 3.019) Billion
Net Foreign Buying (Selling) – (PhP 0.557 Billion) – 8th day of Net Foreign Selling after a day of Net Foreign Buying
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
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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Factory reading, inflation fears weigh on bourse
March 1, 2018 | 6:43 pm
By Arra B. Francia, Reporter
LOCAL SHARE prices extended their decline on Thursday, keeping pace with some peers in the region in the face of a subdued monthly factory reading and the specter of beyond-target inflation in February.
The Philippine Stock Exchange index (PSEi) gave up 0.11% or 9.52 points to close at 8,465.77, while the all-shares index also lost 0.10% or 5.31 points to 5,077.63.
“Philippine shares still sustained losses, albeit at a smaller pace compared to Wednesday’s selldown…” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message.
“It didn’t help that the Philippine PMI went down to 50.8, which is 90 basis points lower than last month’s 51.7 and last year’s 53,” he added, referring to the February Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI) that matched September 2017’s reading that was the second-lowest since the country survey began in January 2016.
Another analyst blamed expectations of even faster inflation in February, to be reported on Tuesday next week, which the Bangko Sentral ng Pilipinas (BSP) expects at 4-4.8%, potentially the fastest in more than three years, piercing BSP’s 2-4% target range and 4.3% forecast average for full-year 2018.
“Optimism doesn’t look good in these early days of March, especially with February inflation results just around the corner next March 6, Tuesday,” Papa Securities Corp. trader Gabriel F. Perez said in an e-mail.
Some other Asian bourses joined in Wall Street’s sell-off, with Japan’s Nikkei Stock Average 225 and Topix Index, South Korea’s KOSPI and the Straits Times Index losing 1.56%, 1.59%, 1.17% and 0.48%, respectively, while Hong Kong’s Hang Seng Index and the Shanghai Composite Index edged up 0.65% and 0.44%, respectively.
Locally, two sectoral indices rose, with property picking up 1.54% or 57.65 points to end 3,779.35 and services edging up 0.09% or 1.68 points to 1,747.57.
The rest declined: mining and oil by 1.82% or 223.76 points to 12,030.06; financials by 1.04% or 23.25 points to 2,202.40; holding firms by 0.45% or 38.66 points to 8,546.40; and industrials by 0.03% or 3.44 points to 11,437.47.
Some 6.90 billion shares worth P7.56 billion changed hands, from Wednesday’s 16.91 billion issues worth P9.97 billion.
Foreigners remained predominantly bearish for the eighth straight trading day, with net selling down 40.67% to P557.18 million from Wednesday’s P939.04 million.
The list of the day’s 20 most active stocks showed seven that gained led by Easycall Communications Philippines, Inc.; Now Corp.; SM Investments Corp. and Ayala Land, Inc. that rose 10.05% to P52, 2.92% to P13.40, 2.77% to P966 and by 2.68% to P42.20, respectively. Those that weighed on the bourse included JG Summit Holdings, Inc., whose price dropped 5.42% to close P68.10.
Source: http://bworldonline.com/factory-reading-inflation-fears-weigh-bourse/
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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.
As requested by those abroad and those who want the book in digital form, we have produced an eBook version. For those interested please send email to: ninjatrader19@gmail.com Subject: The Responsible Trader – eBook Version.
The book continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:
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2. The Website: :http://www.theresponsibletrader.com where we publish our daily newsletter Top Ten Smart Money Moves, Stock Trading Lessons, and Inspirational Materials. (FREE)
3. The YouTube Channel: https://www.youtube.com/theresponsibletrader – where you can learn the course “Master’s Certificate in Technical Analysis” which was simplified in an easily understood manner. You can download these videos and learn them at your own convenient time. (FREE)
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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.