Top Ten Smart Money Moves – May 19, 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 May 19, 2017 Data)
Total Traded Value – PhP 5.967 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 108 Advances vs. 73 = 1.47:1 Neutral
Total Foreign Buying – PhP 2.640 Billion
Total Foreign Selling – (PhP 3.200) Billion
Net Foreign Buying (Selling) – (PhP 0.560 Billion) – 2nd day of Net Foreign Selling after 3 days 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
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 sentiment improves
Posted on May 20, 2017
LOCAL STOCKS ended in positive territory on Friday as sentiment bounced back following the release of below-consensus Philippine first quarter economic growth data.
The bellwether Philippine Stock Exchange index (PSEi) gained 9.93 points or 0.12% to close at 7,767.62 on Friday. This was a reversal of Thursday’s 68.84-point drop, which was due to the weaker-than-expected Philippine gross domestic product (GDP) growth print of 6.4%.
The broader all-shares gauge likewise ended 7.83 points or 0.16% higher at 4,634.25 at the closing bell on Friday.<
“The market was down most of the day in reaction to the weak GDP figure. However we got a mixed reaction from investors at the end of trading as it started sinking in that despite slower economic data, we still remained fastest in the region, so some investors took advantage of some stocks that were heavily beaten,” Unicapital Securities, Inc. Head of Research Lexter L. Azurin said via phone.
The Philippine Statistics Authority reported on Thursday that GDP growth eased to 6.4% in the first quarter, below the lower end of the government’s 6.5-7.5% target for the year and slower compared to the 6.6% posted in the preceding quarter and 6.9% in the same period last year.
Summit Securities, Inc. President Harry G. Liu shared the same view saying “investors digested the Q1 GDP [and the] bigger picture is that it remains as one of the best in the region.”
“It was a no news [day]. Investors just digested the GDP and their optimism improved somehow. It was also slightly up as US market saw a recovery. Currently, there’s nothing on the local or global news to create a panic or worry,” Mr. Liu said separately via phone.
Regina Capital Development Corp. President Marita A. Limlingan said on Friday: “Market was really flat today for lack of catalyst to propel it. No good news. Earnings season almost over and volume was likewise low. Investors chose to wait and see for new developments.”
Sectoral indices ended mixed. Industrials led the gainers, adding 66.48 points to 0.6% to close at 11,012.37, followed by services which rose 5.38 points or 0.34% to end at 1,607.93. Financials also gained 6.12 points or 0.31% to close at 1,924.67.
On the other hand, mining and oil lost 19.68 points or 0.15% to 12,595.70; property dropped 4.18 points or 0.11% to 3,497.77; and holding firms also dipped by 0.22 point to close at 7,918.23.
Value turnover dropped to P5.97 billion on Friday from the previous day’s P7.49 billion, with 1.16 billion shares changing hands.
Foreign selling persisted, with net outflows coming in at P559.48 million, slightly higher than Thursday’s P549.37 million.
Advancers trumped decliners, 108 to 73, while 58 stocks were unchanged. — ICCD
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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