Top Ten Smart Money Moves – May 22, 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 22, 2017 Data)
Total Traded Value – PhP 12.010 Billion – Medium
Advances Declines Ratio – (Ideal is 2:1) 96 Declines vs. 92 Advances = 1.04:1 Neutral
Total Foreign Buying – PhP 3.253 Billion
Total Foreign Selling – (PhP 2.985) Billion
Net Foreign Buying (Selling) – PhP 0.268 Billion – first day of Net Foreign Buying after 2 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:
Shares sustain climb on Asia, Wall Street’s rise
Posted on May 23, 2017
STOCKS climbed further, lifting the main index back to the 7,800 level on Monday, as markets in Asia rose in line with Wall Street.
The 30-member bellwether Philippine Stock Exchange index (PSEi) sustained it gains and climbed 0.50% or 38.95 points to close yesterday’s session at 7,806.57. The broader all-shares index likewise added 0.44% or 20.68 points to 4,654.93.
“It looks like the local market is rising along the tide in the Asian region upswing today. Property sector pulling ahead but in general, we see a continuation of the bullish sentiment sparked last week,” Angping and Associates Securities, Inc. equity trader Frank Gerard J. Barboza said on Monday.
Southeast Asian stock markets rose on Monday, in line with Asian peers on cues from Wall Street and firm crude oil prices amid continued US political uncertainty.
US stocks rose on Friday but closed below their session highs on renewed concerns about Donald J. Trump’s presidency, after two new reports related to a federal investigation into possible coordination between Russia and Mr. Trump’s election campaign.
MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.90% on Monday helped by gains in Australia and Hong Kong stocks despite fresh curbs unveiled by regulators on the property markets in the latter.
Regina Capital Development Corp. President Marita A. Limlingan said despite the rise, the market is still in consolidation mode given the lack of strong indicators to change direction.
“Maybe if the President brings in substantial investments from Russia. Otherwise nothing on the radar at the moment,” Ms. Limlingan said.
President Rodrigo R. Duterte started a five-day trip to Russia on Monday to meet with Russian counterpart Vladimir Putin and forge stronger bonds with the country, amid the President’s plan to move foreign policy further away from longtime ally United States.
The mining and oil counter was the lone sector that ended in negative territory, posting a marginal decrease of 0.05% or 6.24% to 12,589.46.
The property sector led Monday’s gains, soaring 1.18% or 41.40 points to end at 3,539.17, followed by financials which rose 0.64% or 12.40 points to 1,937.07. The industrials counter rose 0.53% or 58.36 points to 11,070.73; services added 0.52% or 8.47 points to 1,616.40; and holding firms inched up by 0.19% or 15.04 points to settle at 7,933.27.
Value turnover more than doubled to P12.01 billion on Monday from Friday’s P5.97 billion, with 1.81 billion issues changing hands.
Foreigners turned buyers, netting P268.06 million, a reversal of Friday’s net outflow worth P559.48 million.
Decliners narrowly beat advancers, 96 to 92, while 42 issues were unchanged.
“We might see a tighter range from here on with an upward bias,” Angping and Associates’ Mr. Barboza said, pegging the PSEi’s range for the week at 7,650 to 7,860. — Arra B. Francia 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