Top Ten Smart Money Moves – March 28, 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 March 28, 2017 Data)
Total Traded Value – PhP 6.622 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 100 Advances vs. 80 Declines = 1.25:1 Neutral
Total Foreign Buying – PhP 4.058 Billion
Total Foreign Selling – (PhP 4.005 Billion)
Net Foreign Buying (Selling) – PhP 0.053 Billion – first day of Net Foreign Buying after 4 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:
Stocks rebound as investors snatch up bargains
Posted on March 29, 2017
LOCAL EQUITIES saw gains on Tuesday as investors resorted to bargain hunting, setting aside the failure of the Trump administration to get approval for its health care bill.
The bellwether Philippine Stock Exchange index went up 1.18% or 85.49 points to 7,331.46.
The broader all-shares index increased 0.94% or 41.21 points or 4,411.21.
“Investors in the PSEi went on bargain-hunting mode as US stocks did a sharp reversal from an earlier huge loss to end marginally lower,” Regina Capital Development Corp. managing director Luis A. Limlingan said in a mobile phone message on Tuesday.
“It was rather difficult to pinpoint the exact reason for the bounce, but passive funds were the ones buying throughout,” he added.
The S&P 500 cut earlier losses on Monday to end slightly lower, while the Dow declined for an eighth straight session, as investors assessed how the defeat of President Donald J. Trump’s first major legislative action would impact the rest of his agenda.
The Dow Jones Industrial Average fell 45.74 points or 0.22% to 20,550.98, the S&P 500 lost 2.39 points or 0.10% to 2,341.59 and the Nasdaq Composite added 11.64 points or 0.20% to 5,840.37.
“Asian markets also gained today. I guess they just shrugged off the disappointments in the US,” Victor F. Felix, equity analyst at AB Capital Securities, Inc., said over the phone on Tuesday. “We’ll see if we can sustain the momentum and test the 7,400 level.”
Most Southeast Asian stocks recovered on Tuesday from the previous session’s losses, in line with broader Asia, as investors pinned their hopes on Mr. Trump’s stimulus plans after the health care policy setback.
Singapore led the gains, rising nearly 1%. MSCI’s broadest index of Asia-Pacific shares outside Japan rose as much 0.70%.
Investors need to monitor Mr. Trump’s policies closely, because they are not easing concerns, said Teerada Charnyingyong, an analyst with Phillip Securities Thailand, adding the President’s policy moves will be in focus at least until the next US Federal Reserve meeting.
Of the six sectoral indices, only mining and oil ended in the red, dropping 0.42% or 51.39 points to 12,018.17.
The holding firms counter posted the largest gain, rising 1.69% or 124.60 points to 7,468.86; financials climbed 1.57% or 28.47 points to 1,835.46; services went up 0.71% or 10.87 points to 1,527.17; industrials edged up 0.44% or 48.43 points to 10,876.62; and property closed 0.17% or 5.55 points higher at 3,176.02.
Advancers outpaced decliners, 100 to 80, while 48 issues were unchanged.
Value turnover stood at P6.62 billion, slightly lower than Monday’s P7.77 billion, as 1.59 billion shares changed hands.
Foreigners turned buyers with net purchases reaching P53.21 million, a reversal of the prior trading day’s P523.80-million net outflow. — Janina C. Lim 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