Top Ten Smart Money Moves – October 25, 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 October 25, 2016 Data)
Total Traded Value – PhP 6.540 Billion – Low
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 97 Advances vs. 82 Declines = 1.18:1 Neutral
Total Foreign Buying – PhP 4.134 Billion
Total Foreign Selling – (PhP 4.458) Billion
Net Foreign Buying (Selling) – (PhP 0.324 Billion) – 2nd day of Net Foreign Selling after 3 days 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
From now on, I will just quote the related article from Business World so that we will have everything in one piece:
Investors cautious ahead of US GDP data release
Posted on October 26, 2016
THE BOURSE marked its fourth straight trading day of decline yesterday, falling to the 7,500 level last seen on Oct. 18 under pressure from index heavyweights and as it joined other emerging markets watching if third-quarter US gross domestic product (GDP) data due this Friday will give clearer hints on the timing of the economic giant’s next interest rate increase.
The Philippine Stock Exchange index (PSEi) fell 29.09 points or 0.38% to close at 7,580.22, while the broader all-shares index dropped 7.86 points or 0.17% to close at 4,491.09.
“We’re down today because a lot of the index issues are down,” AB Capital Securities analyst Victor F. Felix said in a telephone interview.
“The market slid because of net foreign selling and risk-off in anticipation of third-quarter corporate results.”
Mr. Felix said the property sector lost the biggest points yesterday among the six sectoral indices “because that’s where the most foreign outflows came about.”
Yesterday saw the second straight day of net foreign selling, growing threefold to P324.41 million from Monday’s P108.00 million.
Property edged off 1.23% or 42.21 points to close at 3,371.21. SM Prime Holdings, Inc. suffered the steepest fall among heavyweights yesterday, losing 2.79% to P27.90 apiece.
Three other indices ended in red with industrials losing 0.64% or 76.56 points to close at 11,771.50, services falling 0.64% or 9.42 points to finish 1,461.36, and holding firms ceding 0.28% or 22.01 points to end 7,625.61.
Only two sectoral indices closed with gains: mining and oil saw a 1.32% or 150.62-point increase to finish 11,522.45 while financials increased by 1.05% or 19.22 points to finish 1,838.85.
Value turnover improved to P6.54 billion after 1.82 billion shares changed hands from P4.69 billion on Monday. There were 97 advancers, 82 losers and 49 were flat.
Mr. Felix said investors will be watching out for results of President Rodrigo R. Duterte’s Oct. 25-27 visit to Japan. “We could see some catalysts later this week if President Duterte’s Japan trip yields any investment deals or business deals. A lot of investors are just in wait-and-see mode,” he said.
On Oct. 24, Trade and Industry Secretary Ramon M. Lopez said Mr. Duterte’s team expects to bring home at least $2 billion worth of 12 private-sector deals from Japan after the $24 billion worth of agreements inked during the Oct. 18-21 state visit to China.
For his part, Nicholas Antonio T. Mapa, associate economist of the Bank of the Philippine Islands, noted that “PSEi (was) down anew on general risk aversion in emerging markets in Asia as investors await fresh leads on the Fed rate hike timing as well as the report on US 3Q GDP later in the week.”
— Roy Stephen C. Canivel
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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