Top Ten Smart Money Moves – October 24, 2018
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.
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Trading Notes for Today – (Based on October 24, 2018 Data)
Total Traded Value – PhP 4.645 Billion – Low
Advances Declines – (Ideal is 2:1) 112 Declines vs. 74 Advances = 1.51:1 Neutral
Total Foreign Buying PhP 2.221 Billion
Total Foreign Selling – (PhP 2.921 Billion
Net Foreign Buying (Selling) – (PhP 0.700) Billion – 40th day of Net Foreign Selling after 2 days of Net Foreign Buying
Data from the Philippine Stock Exchange
Screenshot courtesy of 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:
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Shares extend decline on US-China trade issues
October 24, 2018 | 9:00 pm
SHARES PLUNGED on Wednesday, tracking the negative performances of regional markets dragged by concerns on the trade war between the United States and China.
The bellwether Philippine Stock Exchange index (PSEi) gave up 0.94% or 68.20 points to close at 7,129.42 yesterday, extending the previous session’s decline. The broader all-shares index shed 0.49% or 21.53 points to 4,362.31.
“Philippine shares continued to be sold lower just as regional markets mostly ended lower on renewed fears regarding the trade wars plus growing concerns that the US economy may have peaked,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
The Dow Jones Industrial Average fell 0.50% or 125.98 points to 25,191.43. The Nasdaq Composite index also dipped 0.42% or 31.09 points to 7,437.54, while the S&P 500 index slowed 0.55% or 15.19 points to 2,740.69.
Most Asian markets also saw another sell-off on Wednesday on fears of the impacts of the tariffs on American industrial and technology firms amid the US-China trade war.
“Aside from this is the China-US meeting wherein both presidents are expected to meet up late November at the G20 Summit,” Mr. Limlingan added.
US President Donald J. Trump and Chinese President Xi Jinping are scheduled to meet at the G20 Summit in Argentina next month, with the former’s officials saying that Beijing has yet to agree with its requests.
Meanwhile, P2P Trade Online Sales Associate Gabriel Jose F. Perez attributed the market’s decline to a heavier net foreign selling (NFS) figure for the day, which swelled to P700.05 million from P102.84 million on Tuesday.
“Today’s NFS print may have even come as quite of a surprise considering how the outflow looked like it was already starting to ease with the past few days having figures of around P80-P200 million only,” Mr. Perez said in an e-mail on Wednesday.
Services was the lone sectoral index that managed to eke out gains, adding 0.40% or 5.99 points to 1,480.03.
Financials led the day’s retreat, plummeting by 1.82% or 29.71 points to 1,602.52. Mining and oil followed with a 0.85% or 81.81-point drop, while industrials shed 0.82% or 88.44 points to 10,685.54. Property went down 0.73% or 25.93 points to 3,516.60 and holding firms slipped 0.67% or 46.87 points to 6,946.53.
Some 1.06 billion issues switched hands, resulting in a value turnover of P4.64 billion, slower than the previous session’s P5.14 billion. Decliners outpaced advancers, 112 to 74, while 45 names were unchanged.
P2P Trade’s Mr. Perez said investors will continue to look at how US markets perform overnight, also noting that San Miguel Food and Beverage, Inc. (SMFB) will be pricing its follow-on offering on Thursday, which may affect the PSEi’s performance.
SMFB plans to sell up to 522.96 million shares before the year ends, with a price range of P85 to P95. — Arra B. Francia
Source: https://www.bworldonline.com/shares-extend-decline-on-us-china-trade-issues/
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In line with our VISION, A RESPONSIBLE IN EVERY FILIPINOS HOME, we aim to continue promoting financial literacy on the area of stock market trading and investing to our countrymen both here and abroad through the following:
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: ninjatrader919@gmail.com Subject: The Responsible Trader – Hard Copy.
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Good luck on all your TRADES today.
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.