Top Ten Smart Money Moves – October 17, 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 October 17, 2017 Data)
Total Traded Value – PhP 11.764 Billion – Medium
Advances Declines – (Ideal is 2:1) 121 Declines vs. 88 Advances = 1.38:1 Neutral
Total Foreign Buying – PhP 6.804 Billion
Total Foreign Selling – (PhP 6.306) Billion
Net Foreign Buying (Selling) – PhP 0.497 Billion –3rd 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
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:
Anti-terror coup helps propel PSEi for third day
October 18, 2017
GAINS in the fight against terrorism helped propel the Philippine Stock Exchange index (PSEi) yesterday past the 8,500 mark for the first time amid trading before retreating to still close at a fresh peak, adding to impetus from investor optimism over looming third-quarter corporate earnings.
The PSEi yesterday hit a high of 8,586.73 and a low of 8,484.94, surging 49.80 points or 0.59% to close at 8,497.74 and mark its third straight trading day of gains, while the broader all-shares index advanced by 20.42 points or 0.41% to end at 4,958.53. Signs of weakness emerged, however, as the six sectoral indices were equally divided between those that gained and those that lost.
“The market’s move was a reflection of increased optimism, especially as the leaders of the insurgency in Marawi were finally eliminated,” PNB Securities, Inc. President Manuel Antonio G. Lisbona said in a mobile phone message on Tuesday.
“The liberation of Marawi also gives credibility to the President’s strategy and action during the conflict and should enhance investor confidence even further.”
In remarks in the battle-scarred Marawi City yesterday after the government announced on Monday the deaths of two leaders of Islamic State (IS)-inspired militants who had tried to take over the city last May 23, President Rodrigo R. Duterte said: “I hereby declare Marawi liberated from the terrorists.” The military brass, however, clarified that government forces were still mopping up 20-30 militants, including Malaysian Mahmud Ahmad, who has been tipped to take over IS’ Southeast Asian leadership after the death of Isnilon Hapilon.
Regina Capital Development Corp. Managing Director Luis A. Limlingan said via text that investors also expected generally favorable third-quarter results of listed companies that could “set the tone for trading and determine whether the lofty levels of the equity market are justified.”
Holding firms jumped 142.77 points or 1.65% to finish at 8,777.40, financials added 6.94 points to 2,071.36, while services rose by 5.78 points or 0.34% to end at 1,707.38.
Mining and oil dropped 126.50 points or 0.92% to close at 13,547.72, industrial fell by 84.43 points or 0.76% to 10,977.37, while property inched 0.41 point or 0.01% down to 3,954.33.
Stocks that declined outnumbered those that gained 121 to 88 while 42 issues were unchanged.
Trading volume doubled to 1.80 billion stocks worth P11.76 billion from Friday’s 826.16 million worth P9.56 billion. Markets were closed on Monday due to a nationwide transport strike.
Foreigners remained buyers for a third straight trading day, even as net purchase dropped by a fourth to P498.43 million from Friday’s P651.18 million.
Among Tuesday’s most active stocks, MacroAsia Corp.; SM Investments Corp.; Security Bank Corp.; GT Capital Holdings, Inc. and SM Prime Holdings, Inc. led those that gained, rising 4.77%, 2.94%, 2.69%, 2.46%, and 2.19% respectively. — Janina C. Lim with AFP
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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.