Top Ten Smart Money Moves – March 5, 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 5, 2018 Data)
Total Traded Value – PhP 6.122 Billion – Low
Advances Declines – (Ideal is 2:1) 117 Advances vs. 100 Declines = 1.17:1 Neutral
Total Foreign Buying PhP 2.118 Billion
Total Foreign Selling – (PhP 2.408) Billion
Net Foreign Buying (Selling) – (PhP 0.290 Billion) – 10th 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 drop as market continues to consolidate
March 5, 2018 | 7:36 pm
By Arra B. Francia, Reporter
SHARES started the week on a negative note, as the main index digested the impacts of interest rate hikes and higher inflation in the long term.
The 30-member Philippine Stock Exchange index (PSEi) shed 0.85% or 72.40 points to close at 8,386.17 on Monday.
The broader all-shares index also dipped 0.42% or 21.45 points to 5,043.89.
“The market today still continue its consolidation…(now the news that are coming in are) interest rates being adjusted for the US and the Philippines also. And how to address the inflation. But overall I feel that the economic condition of the country will be okay,” Summit Securities, Inc. President Harry G. Liu said in a phone interview on Monday.
Investors have been staying on the sidelines due to fears of higher inflation, which the Bangko Sentral ng Pilipinas predicts to have come in at 4-4.8% last February. Mr. Liu, however, said the country’s long-term prospects remain positive.
“There will be an effect, that’s why the peso is affected for the meantime. But latter part, the foreign investments, economic programs keep on coming in, there will be a lot of spending. So this will help pressure inflation from getting any further on the wrong side,” the analyst said.
IB Gimenez Securities, Inc. Joylin F. Telagen, meanwhile, attributed Monday’s decline to concerns on United States President Donald J. Trump’s announcement last week, where he said that he wants to impose a 25% tariff on imported steel and 10% tariff for aluminum.
“I think today’s sell-off was following global concern on the possible impact of American tariffs to the global economy,” Ms. Telagen said via text on Monday.
International markets ended mixed last Friday. The Dow Jones Industrial Average (DJIA) was down 0.29% or 70.92 points to 24,538.06. The S&P 500 and Nasdaq Composite index defied the DJIA’s performance, climbing 0.51% to 2,691.25 and 1.08% to 7,257.87, respectively.
Back home, majority of sectoral indices moved to negative territory, with financials leading the losers with a 1.33% decline or 29.56 points to 2,185.87. Holding firms followed, giving up 1.31% or 111.53 points to 8,372.63; services was down 0.30% or 5.40 points to 1,739.74; while industrials dropped 0.20% or 23.42 points to 11,488.48.
On the other hand, the property sector climbed 0.61% or 22.93 points to 3,783.21, while mining and oil gained 0.18% or 21.48 points to 11,926.67.
Trading thinned on Monday, as 7.85 billion issues switched hands valued at P6.12 billion, lower than the P7.25-billion turnover recorded last Friday.
Advancers outpaced decliners, 117 to 100, while 41 names remained unchanged.
Foreign investors kept their selling position yesterday, posting net outflows of P290.15 million, although lower than Friday’s net sales of P619.93 million.
Source: http://bworldonline.com/shares-drop-market-continues-consolidate/
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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/. 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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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.