Top Ten Smart Money Moves – May 29, 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 29, 2017 Data)
Total Traded Value – PhP 8.601Â Billion – Medium
Advances Declines Ratio – (Ideal is 2:1) 95 Advances vs. 95 Declines = 1.0:1 – Perfectly Neutral
Total Foreign Buying – PhP 3.168 Billion
Total Foreign Selling – (PhP 2.494) Billion
Net Foreign Buying (Selling) – PhP 0.674 Billion – 1st day of Net Foreign Buying after a day 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:
Window dressing lifts stocks amid lack of leads
Posted on May 30, 2017
THE BELLWETHER INDEX closed in the green on Monday despite the lack of strong leads as investors dressed up their portfolios in preparation for the month’s end.
The Philippine Stock Exchange index (PSEi) closed higher by 18.54 points or 0.23% to close at 7,886.03 yesterday, reversing Friday’s drop of 4.16 points or 0.05%.
The broader all shares gauge also went up by 10.26 points or 0.21% to 4,700.14 at the closing bell.
“The Philippine market kicked off the last few days of May in the green after taking a momentary breather last Friday as window dressing started,” Luis A. Limlingan, managing director at Regina Capital Development Corp., said in a text message yesterday.
Justino B. Calaycay, Jr., senior research analyst at Philstocks Financial, Inc., said, “even as the index has consistently climbed in the last six days, it feels like the market is just idling.”
“Eagle Cement [Corp.]’s debut didn’t seem to have sparked as much as previous listing have, casting some aspersions on Cebu Landmasters’ turn at the stage on Friday. Nevertheless, the stock’s performance in the first few days or even weeks are no indication of the prospects, nor does it fully reflect the fundamentals, yet, clouded in part by the emotions of the day. The market in general is still lacking in stronger catalysts and nothing big is expected this week,” Mr. Calaycay said in a report.
He said share prices are “seen to continue moving in the current sideways with a positive bias trend.”
Summit Securities, Inc. President Harry G. Liu said the market is “still in consolidation.”
“[The] market is still waiting for more new developments but is still looking good,” he said via text.
Sectoral indices ended mixed. Property stocks were the top gainers, with the counter going up by 1.44% or 52.25 points to 3,679.35. Financials gained 0.41% or 7.99 points to 1,945.33, and industrials rose 0.03% or 3.76 points to 11,109.71. Meanwhile, holding firms posted a decrease of 30.21 points or 0.38% to 7,873.94 to lead losers. The mining and oil subindex also eased by 25.99 points or 0.20% to 12,544.77, while services declined 2.44 points or 0.14% to 1,681.47.
Foreign funds returned to the market, posting a net buying position of P674.04 million on Monday, a reversal of Friday’s net foreign selling of P109.65 million.
Value turnover reached P8.60 billion with 1.11 billion shares changing hands, up slightly from the previous session’s P8.09 billion.
Advancers and decliners were tied at 95 apiece yesterday, while 54 names closed flat.
Regina Capital’s Mr. Limlingan said as the US will still be on holiday today, “we will be tracking regional markets to get the directions in the particular released its household spending, unemployment rate and retail sales.”
He said the PSEi’s support is still at 7,720, while resistance is at 7,900. — I.C.C. Delavin
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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