Top Ten Smart Money Moves – October 24, 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 24, 2017 Data)
Total Traded Value – PhP 7.889 Billion – Low
Advances Declines – (Ideal is 2:1) 113 Declines vs. 80 Advances = 1.41:1 Neutral
Total Foreign Buying – PhP 3.851 Billion
Total Foreign Selling – (PhP 5.019) Billion
Net Foreign Buying (Selling) – (PhP 1.168) Billion – first day of Net Foreign Selling after a day of Net Foreign Buying
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:
Bourse falls below 8,300 as profit taking persists
October 25, 2017
THE Philippine Stock Exchange (PSE) continued its retreat on Tuesday as investors continued to cash in on 10 near-successive record highs year to date since mid-September, with the benchmark index falling below the 8,300 line to its lowest level in three weeks.
The PSE index lost 68.4 points or 0.81% to end 8,279.92 – its lowest point since its 8,256.28 finish last Oct. 2, while the all-shares index gave up 30.47 points or 0.62% to close 4,855.32. The six sectoral indices remained equally divided between those that lost and those that gained, while foreign investors reverted to net selling mode.
“The market took a breather today, and investors took advantage of high valuations and took profits since we’ve managed to post decent returns for these past few sessions,” AB Capital Securities, Inc. Senior Equity Analyst Lexter L. Azurin said in a mobile phone message yesterday.
Regina Capital Development Corp. Managing Director Luis A. Limlingan said separately via text that local shares “naturally… faced some resistance again after yesterday’s (Monday’s) dip” after “US stock market indexes took a pause from a string of record highs on Monday as major benchmarks came under pressure, with traders weighing the prospects for tax cuts and a mixed bag of earnings results.”
While all Wall Street retreated from last week’s record highs, many markets across Asia gained, with Japan’s Nikkei 225 and TOPIX Index, the Shanghai-Shenzhen CSI 300, South Korea’s KOSPI, Jakarta Composite, S&P/ASX 200 and the MSCI AC Asia Pacific rising by 0.50%, 0.67%, 0.73%, 0.02%, 0.28%, 0.06% and 0.09%, respectively.
Hong Kong’s Hang Seng Index, however, dropped by 0.53%.
Local sectoral indices that gained consisted of mining and oil which increased by 212.25 points or 1.64% to finish 13,079.94, services which rose by 3.41 points or 0.2% to 1,702.16 and industrials that edged up by 4.15 points or 0.03% to end 10,852.46.
Those that lost were financials which gave up 35.26 points or 1.72% to close 2,009.09, holding firms that went down 104.15 points or 1.22% to 8,422.76 and property which dropped 17.8 points or 0.45% to finish 3,913.08.
The list of Tuesday’s 20 most actively traded stocks saw Security Bank Corp.; Bloomberry Resorts Corp. and BDO Unibank, Inc. leading those that lost with falls of 4.23% to P249, 3.66% to P9.75 and 3.48% to P136 apiece, respectively. PLDT, Inc.; D&L Industries, Inc. and Robinsons Retail Holdings, Inc. led those that gained, adding 2.05% to P1,740, 1.39% to P10.20 and 1.09% to P93 apiece, respectively.
Yesterday saw stocks that lost still outnumbering those that advanced, 113 to 80, while 50 others were unchanged. Yesterday saw thinner trades, consisting of 670.66 million shares worth P7.89 billion compared to Monday’s 744.19 million stocks worth P13.29 billion. Tuesday saw P1.17-billion net foreign sales compared to Monday’s P7.57-billion net buying that had followed three straight trading days of net selling last week. – JCL
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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/. For those interested in the hard copy, please send email to: firstname.lastname@example.org Subject: The Responsible Trader – Hard Copy.
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The book continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:
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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.