Top Ten Smart Money Moves – March 22, 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 22, 2018 Data)
Total Traded Value – PhP 8.374 Billion – Medium
Advances Declines – (Ideal is 2:1) 122 Advances vs. 75 Declines = 1.63:1 Neutral
Total Foreign Buying PhP 4.154 Billion
Total Foreign Selling – (PhP 4.334) Billion
Net Foreign Buying (Selling) (PhP 0.180) Billion – 3rd 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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Shares rise on bargain hunting as Fed hikes rate
March 22, 2018 | 7:29 pm
THE MAIN INDEX recovered from its slump on Thursday, as investors went bargain hunting following the US Federal Reserve’s announcement of its first rate hike for the year.
The 30-company Philippine Stock Exchange index (PSEi) jumped 2.72% or 215.38 points to finish at 8,124.45 today, snapping a three-day decline that placed the market more than 12% behind its all-time high.
The all-shares index also gained 2.11% or 101.11 points to 4,890.17.
“I think that this 215-point rally of the PSEi today was a mixture of bounce plays by market participants and the end of speculation about the move of the US Federal reserve after it finally decided to raise rates,” Timson Securities, Inc. equity trader Jervin S. de Celis said in a mobile phone message.
The Fed raised interest rates by 25 basis points to a target range of 1.5% to 1.75%. The regulator also hinted at two more rate hikes for the year.
“Since the index plunged by as much as 6% for the month of March alone due to rising local inflation and rate hike fears, these news may have urged investors to buy stocks at bargain prices after the local bourse touched the 7,900 level yesterday,” Mr. De Celis added.
Regina Capital Development Corp. Managing Director Luis A. Limlingan also noted that some investors are expecting the Bangko Sentral ng Pilipinas (BSP) to keep rates unchanged after its policy meeting on Thursday.
As its meeting ended after financial markets close, the BSP announced that it is keeping its rates steady, noting that even as inflation remains elevated, it continues to be manageable as it is seen moderating in the next few months.
All sectoral indices ended on a positive note, with the property sector gaining the most at 3,703.77, up 4.3% or 152.78 points. Holding firms followed with an increase of 2.93% or 230.38 points to 8,088.56. Mining and oil rose 2.32% or 248.42 points to 10,939.62; services climbed 1.87% or 31.30 points to 1,703.50; industrials added 1.36% or 153.04 points to 11,379.83; while financials had an uptick of 1.12% or 23.23 points to 2,092.61.
A total of 2.02 billion issues switched hands, valued at P8.37 billion. This is lower than the previous session’s turnover of P9.52 billion.
Gaining stocks prevailed for the day at 122 against the 75 that declined and 47 that remained unchanged.
Foreign investors continued selling their holdings, even as net outflows dropped to just P180.05 million from P1.51 billion on Wednesday. Timson Securities’ Mr. De Celis attributed this to the Fed’s raising of its economic growth forecast, prompting foreigners to “pull out their investments from emerging markets and place them in developed nations.”
SM Investments Corp. was among the top gainers for the day, with stocks in the company growing 5.32% to P980 apiece. Ayala Corp. also managed to regain momentum after Mitsubishi Corp. unloaded some of its shares in the firm, as it rose 2.29% to P937 each. — Arra B. Francia
Source: http://bworldonline.com/shares-rise-on-bargain-hunting-as-fed-hikes-rate/
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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.
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4. 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.