Top Ten Smart Money Moves – May 30, 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 30, 2017 Data)
Total Traded Value – PhP 7.387 Billion – Low
Advances Declines Ratio – (Ideal is 2:1) 105 Declines vs. 77 Advances = 1.36:1 Neutral
Total Foreign Buying – PhP 3.094 Billion
Total Foreign Selling – (PhP 2.522) Billion
Net Foreign Buying (Selling) – PhP 0.572 Billion –2nd 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:
Bourse wanders downward amid lack of drivers
Posted on May 31, 2017
STOCKS slipped on Tuesday with little to lead them as Wall Street, China, Hong Kong and Taiwan markets were closed for holidays.
The Philippine Stock Exchange index lost 25.26 points or 0.32% to close at 7,860.77, while the broader all-share index dipped 9.36 points or 0.19% to end 4,690.78.
Only services gained among the six sectoral indices, going up 4.67 points or 0.27% to close 1,686.14.
The bellwether index opened stronger at 7,891.75, touched the day’s peak at 7,897.77 as well as a low of 7,850.47 yesterday.
“Philippine markets ended in negative territory with investors focusing on developments locally and within Asia while the US was closed for holiday,” Luis A. Limlingan, managing director at Regina Capital Development Corp., said when sought for comment yesterday.
“In addition, funds were switching between specific issues in order to clean up portfolios ahead of the month-end window dressing.”
Summit Securities, Inc. President Harry G. Liu attributed the market’s decline to “lack of major catalysts” to drive the market, saying in a telephone interview: “We saw no change in the market today. US was closed for holiday so we’re basically just running within the resistance level.”
“There’s not much change in our current situation — just some updates on the Mindanao (continuing clash of government forces with militants in Marawi City) but there’s nothing crucial to really push the index higher or lower. Movement was just sideways overall.”
Asia markets that were open bared mixed fortunes, with Japan’s Nikkei and the Korea Composite Stock Price Index slipping by a nearly flat 0.02% and by 0.40%, respectively, while the Tokyo Price Index and the S&P/ASX 200 edged up 0.16% and 0.19%, respectively.
The other five sectoral indices at home closed lower, with property dropping 19.20 points or 0.52% to finish 3,660.15, mining and oil giving up 62.05 points or 0.49% to 12,482.72, holding firms falling 34.33 points or 0.43% to 7,839.61, financials shedding 8.01 points or 0.41% to end 1,937.32, and industrial ceding 37.41 points or 0.33% to 11,072.30.
Foreign funds remained net buyers yesterday, but down 15% to P572.08 million from Monday’s P674.04 million.
Value turnover reached P7.39 billion with 1.33 billion shares changing hands, compared to Monday’s 1.11 billion shares worth P8.60 billion.
Losers outnumbered gainers yesterday at 105 to 77, while 58 issues closed flat. Wilcon Depot, Inc. and Petron Corp. led gainers, rising 5.36% and 2.55%, respectively, while Ayala Land, Inc. and Aboitiz Power Corp. led decliners, shedding 1.11% and 1.39%, respectively.
“We expect the index to make some corrections but still hover above the 7800 level,” Regina Capital’s Mr. Limlingan said.
“If this continues this will become a new base for us to reach 8,000 in the near term.” — 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