Top Ten Smart Money Moves – March 10, 2020
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.
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As promised in my last post, Back from the Hack, we are resuming all our activities both in our website and Facebook starting August 1, 2019.
This section of our website has been running for the past five years. Perhaps you are asking, why Top Ten Smart Money Moves? This is what I have written in my new book: “Swing Trading with TRT – A Definitive Guide for Swing Trading the Philippine Stock Market.”
“SMART MONEY
The PSE achieved a milestone by the end of the year 2018 when they reported that the number of stock market accounts broke past the one million mark as a result of the substantial increase in online accounts.
Retail investors owned most of the stock market accounts, representing 97.5% of the total accounts while the remaining 2.5% is held by the institutional investors also considered as smart money.
While we, the retail traders, are big in number, we are small in terms of influence in the stock market because more than 50% of the Total Traded Value Daily is accounted for the institutional investors whose transactions are focused mostly on a handful of their selected stocks.
In our Website, we have a regular feature “Top Ten Smart Money Moves” where we monitor the Top Ten stocks being bought and sold by the smart money.
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Trading Notes for Today – (Based on March 10, 2020 Data)
Total Traded Value – PhP 7.359 Billion – Low
Advances Declines – (Ideal is 2:1) 74 Advances vs. 136 Declines = 1.84:1 Neutral
Total Foreign Buying PhP 3.230 Billion
Total Foreign Selling – (PhP 4.066) Billion
Net Foreign Buying (Selling) – (PhP0.836) 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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PSE index inches higher as investors buy bargains
March 10, 2020 | 9:00 pm
LOCAL SHARES saw a slightly better close on Tuesday, ending flat amid improved performances of some index members.
The bellwether Philippine Stock Exchange index (PSEi) saw a 5.77-point or 0.09% uptick on Tuesday to close at 6,318.38. However, the broader all shares index stayed in red territory, losing 26.70 points or 0.70% to 3,788.52.
“The local market ended on a slight gain of 5.77 points as it bounced from yesterday’s heavy selloff,” Timson Securities, Inc. Trader Darren T. Pangan said in a text message. “The PSEi was led by heavyweights BDO Unibank, Inc.; Bank of the Philippine Islands (BPI) and Metropolitan Bank & Trust Co. (MBT).”
Shares in BDO improved by 6.11%, in BPI by 6.72%, while shares in MBT went up 3.89% yesterday. Other PSEi members that gained were LT Group, Inc. (16.15%), First Gen Corp. (6.08%), Robinsons Land Corp. (4.75%), Security Bank Corp. (4.67%) and International Container Terminal Services, Inc. (3.37%).
“The local market ended flat, +0.09% on the back of bargain hunting led by the banks—the most battered sector yesterday,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a text message Tuesday.
“Given the value turnover of P7.35 billion, which is higher than the year-to-date’s average of around P6 billion, it shows investors conviction to pick up stocks at a bargain level, particularly in the banking sector since fundamentals of these remain good,” she added.
Timson Securities’ Mr. Pangan also said the local bourse’s performance is in step with the movement of its Asian peers, driven by improving market sentiment on reduced cases of coronavirus disease 2019 (COVID-19) infection in China.
China’s Shanghai Shenzhen CSI 300 and Shanghai SE Composite indices went up by 2.14% and 1.82%, respectively, yesterday. Meanwhile, Japan’s Nikkei 225 and Topix indices also improved 0.85% and 1.27%, respectively.
Meanwhile, in the Philippines, the Department of Health continued reporting new cases of COVID-19 infection, reaching 33 as of writing.
Most sectoral indices at the PSE closed lower on Tuesday. Industrials dropped 168.26 points or 2.21% to 7,429.93; mining and oil fell 125.34 points or 2.12% to 5,775.41; property shed 40.18 points or 1.15% to 3,426.77; services lost 8.76 points or 0.70% to 1,232.63; and holding firms gave up 43.51 points or 0.70% to 6,158.87.
The sole sector that gained was financials, which added 73.07 points or 5% to 1,532.70.
Some 774.47 million issues valued at P7.36 billion switched hands on Tuesday, down from 1.15 billion issues worth P6.31 billion on Monday.
Decliners continued to beat advancers, 136 against 74, while 36 names ended unchanged.
Foreign investors remained sellers, recording net outflows of P835.86 million from Monday’s P839.29 million. — Denise A. Valdez
Source: https://www.bworldonline.com/pse-index-inches-higher-as-investors-buy-bargains/
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In line with our VISION, A RESPONSIBLE TRADER 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. We have successfully launched “Swing Trading with TRT – a Definitive Guide for Swing Trading the Philippine Stock Market” last September 2, 2019. This book is the second in our Responsible Trader Education Series.
You can download Chapter 1 and see the Table of Contents here: https://drive.google.com/file/d/1NZEABnQMiQ_zenEMs0lPFWweX4WBxBHg/view?usp=sharing
The first book, “The Responsible Trader – a Thinking Person’s Guide for Trading the Philippine Stock Market” provided all the basic knowledge that a trader needs to know in order to trade the Philippine Stock Market effectively and efficiently. The first book is about the basics. This second book is about the specifics.
2. 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 can also be ordered online through our publisher, Central Book Supply. Just go to: http://central.com.ph/bookstoreplus then click Search – The Responsible Trader.
3. The Website: :http://www.theresponsibletrader.com where we publish our daily newsletter Top Ten Smart Money Moves, Stock Trading Lessons, and Inspirational Materials. (FREE)
4. 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)
5. My Slideshare: http://www.slideshare.net/TheResponsibleTrader – where you can view and download copy of the Powerpoint Presentation of my TRT-POV (The Responsible Trader’s Point of View) of the videos posted in our Youtube Channel. (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.