Top Ten Smart Money Moves – November 17, 2016
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 November 17, 2016 Data)
Total Traded Value – PhP 8.140 Billion – Medium
Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 91 Advances vs. 78 Declines = 1.17:1 Neutral
Total Foreign Buying – PhP 4.159 Billion
Total Foreign Selling – (PhP 4.096 Billion)
Net Foreign Buying (Selling) – PhP 0.063 Billion – 1st day of Net Foreign Buying after 6 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:
PSEi returns to 7,000 level on strong GDP report
Posted on November 18, 2016
SHARE PRICES recovered yesterday to propel the main index above the 7,000 level as the upbeat third-quarter Philippine gross domestic product (GDP) data boosted investor sentiment.
The Philippine Stock Exchange index (PSEi) added 83.84 points or 1.20% to close at 7,050.12 yesterday from 6,966.28 on Wednesday.
The broader all shares index also gained 30.95 points or 0.73% to end at 4,242.40.
Local shares rose as much as 2.15%, their biggest intraday percentage gain in nearly a month as data released yesterday showed the Philippine economy grew by 7.1% in the third quarter, beating expectations.
The GDP expansion was supported by growth in the services, industry and farm sectors and was the first publication of quarterly GDP growth data under President Rodrigo R. Duterte.
First Grade Finance, Inc. Managing Director Astro C. Del Castillo said the bellwether PSEi got a lift from the “better-than-expected” GDP print.
“There’s less pressure from the outside since markets were quiet [yesterday], somehow concerns dissipated although it’s still there. Mainly, we got a boost from the GDP, it’s positive overall, which also confirmed the momentum for growth given that it’s above market expectations,” Mr. Del Castillo said in a phone interview.
Luis A. Limlingan, business development head at Regina Capital Development Corp., said “markets were happy with the GDP outcome, which was the highest in three years, bouncing back after several days of losses… Markets cheered as the Q3 GDP recorded above 7.1% on better agricultural, construction and consumption output. In the US, data were rather mixed so the focus is really on the GDP data.”
All sectoral subindices ended in the green yesterday. Property climbed 62.66 points or 2.01% to 3,167.69; industrial went up by 156.33 points or 1.42% to 11,132.01; services increased by 8.67 points or 0.65% to 1,324.14; holding firms gained 43.55 points or 0.61% to 7,126.92; financials rose 8.16 points or 0.47% to 1,725.14; and the mining and oil subindex went up 48.33 points or 0.41% to 11,815.04.
Value turnover grew to P8.14 billion yesterday as 2.72 billion shares changed hands, from the P6.52 billion seen in the previous session.
Bulls also overpowered bears, 91 to 78, while 53 issues closed unchanged.
Net foreign buying was recorded at P62.66 million — a reversal of Wednesday’s net outflow worth P1.37 billion.
For today, Mr. Limlingan said the PSEi’s support is seen at the 7,000 level as investors will turn its attention back to overseas developments.
“Market will remain volatile on concerns over the possibility of the US Fed[eral Reserve] raising rates next month. Foreign funds will continue to sell, but we remain positive moving forward as strong economy, would mean still positive revenues for listed companies,” he added. — Imee Charlee 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 P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion