Top Ten Smart Money Moves – May 25, 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 25, 2017 Data)
Total Traded Value – PhP 6.489 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 103 Advances vs. 84 Declines = 1.23:1 Neutral
Total Foreign Buying – PhP 3.303 Billion
Total Foreign Selling – (PhP 2.776) Billion
Net Foreign Buying (Selling) – PhP 0.527 Billion –4th 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:
Stocks extend winning streak on Fed hike bets
Posted on May 26, 2017
THE Philippine Stock Exchange index (PSEi) sustained its winning streak on Thursday, tracking the movement of its Asian peers, driven by both overseas and local developments.
The PSEi added 33.83 points or 0.43% to close at 7,871.65, while the broader all-shares gauge likewise ended higher by 21.90 points or 0.46% to 4,693.39 at the closing bell.
Analysts said soft inflation data out of the United States dimmed prospects of a Federal Reserve interest rate hike in the near term, while locally, government efforts to manage the situation in Mindanao drove the market higher.
“The market continued to be up and we saw a higher trading value which was able to break the initial resistance of 7,860. First, it seemed that the issue Mindanao is simmering down after the efforts of the government to quell the conflict. Second, all regionals went up, and we followed that after US inflation is still subdued and the crude oil is moving up,” Aniceto K. Pangan, equities trader at Diversified Securities, Inc., said in a phone interview yesterday.
“As inflation in the US remains subdued, the issue on whether the Fed will increase interest rate will continue to be delayed and this trickled down to the emerging markets… The current status will be maintained, and a low interest rate environment in the US is very, very friendly to emerging economies,” he added.
Justino B. Calaycay, Jr., senior research analyst at Philstocks Financial, Inc., said: “two days in after the entire Mindanao was placed under military rule, investors have remained largely unaffected.”
“Bargain-hunting may be the key factor. A couple of index heavyweights battered over the recent past have attracted attention, value-wise,” he added.
Sectoral indices were mixed. Services rose 3.25% or 52.55 points to 1,667.06 and property climbed 1.04% or 37.40 points to 3,616.25.
Meanwhile, industrials declined 0.34% or 38.57 points to 11,182.90; holding firms went down 0.17% or 14.07 points to 7,925.87; mining and oil slipped 0.09% or 12.16 points to 12,609.83; and financials lost 0.09% or 1.86 points to close at 1,933.54.
Value turnover went up to P6.49 billion yesterday from Wednesday’s P5.90 billion, with 1.06 billion shares changing hands. Thursday saw foreign investors remain net buyers with P527.54 million, up from the previous session’s P451.81 million.
Advancers also outpaced decliners yesterday, 103 to 84, while 53 names closed unchanged.
For today, Diversified Securities’ Mr. Pangan said the market will “continue to go on consolidation until it breaks the short-term high of 8,018.”
Philstocks’ Mr. Calaycay said: “We still expect the market to continue a generally sideways pattern but with a hint of upside bias.”
“Resistance is at the 7,900-7,920 range, and extensions past that line may invite profit-taking over the short term,” the analyst added. — I.C.C. Delavin with Reuters
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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