Top Ten Smart Money Moves – November 20, 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 November 20, 2017 Data)
Total Traded Value – PhP 5.602 Billion – Low
Advances Declines – (Ideal is 2:1) 122 Declines vs. 80 Advances = 1.53:1 Neutral
Total Foreign Buying – PhP 2.648 Billion
Total Foreign Selling – (PhP 2.353) Billion
Net Foreign Buying (Selling) – PhP 0.295 Billion – 2nd 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
Top Ten Gainers and Losers
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
Main index inches higher on Draghi, blue chips
November 21, 2017
THE Philippine Stock Exchange Index (PSEi) started the week on a good note, following positive remarks from European Central Bank (ECB) President Mario Draghi and upward movements from big firms.
The benchmark index closed at 8,321.98, higher by 10.90 points or 0.13%, but the all-shares index dropped to 4,871.75, down 2.07 points or 0.04%.
Luis A. Limlingan, managing director at Regina Capital Development Corp., said the market may have been lifted by comments from ECB’s Mr. Draghi saying the Eurozone economy was robust, although economic recovery was still reliant on stimulus from the central bank.
“Perhaps some of the buy up was due to ECB Draghi’s speech. European Central Bank President Mario Draghi in a speech in Frankfurt expressed confidence in the Eurozone’s economic recovery, saying the region is ‘in the midst of a solid economic expansion,’” Mr. Limlingan said in a text message yesterday.
“US stocks retreated last Friday as investors were concerned of economic growth, and market turned cautious ahead of Thanksgiving week. Philippine stocks however used the negative close of Wall St.’s leads for another strong performance today. The positive tone continued as traders looked to buy into the sentiment and low value turnover,” he added.
Jervin S. de Celis, equities trader at Timson Securities, Inc., said despite the market being up, it is still expected to move sideways in the next days while investors await economic data.
“While our market ended slightly up today led by SM (SM Investments Corp.), BDO [Unibank, Inc.] and BPI (Bank of the Philippine Islands), I think the index will continue to move sideways, probably between the range of 8,300-8,450 in the next 5-10 days as investors wait for a number of macroeconomic announcements from major economies that will be released this week,” Mr. De Celis said in a text message. These economic data include the Federal Open Market Committee’s meeting minutes, US jobless claims, and Japanese trade data.
SM closed at P980 each, up 14.50 points or 1.50%; BDO at P148.70, up 2.50 or 1.71%; and BPI closed at P98.50 apiece, up 0.95 point or 0.97%.
Among the sectors, financials closed at 2,084.79, up 15.36 points or 0.74%; holding firms at 8,456.49, up 15.07 points or 0.17%; and mining and oil at 12,119.71, up 1.21 points or 0.01%.
Meanwhile, the other three indices were down. Industrial closed at 11,001.40, down 57.65 points or 0.52%; services at 1,640.19, down 13.32 points or 0.8%; and property at 3,865.20, down 1.20 points or 0.03%.
Value turnover stood at P5.6 billion, down slightly from Friday’s P5.63 billion, with 3.65 billion shares changing hands.
Decliners outnumbered advancers, 122 to 80, while 42 remained unchanged.
Net foreign buying climbed to P294.42 million yesterday from Friday’s P199.55 million. — Patrizia Paola C. Marcelo
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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.
Starting with August 11, 2017 data we are including the Top Ten Gainers and Losers for a more comprehensive coverage of significant stock movements during the day.