Top Ten Smart Money Moves – October 25, 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 25, 2017 Data)
Total Traded Value – PhP 5.912 Billion – Low
Advances Declines – (Ideal is 2:1) 107 Declines vs. 91 Advances = 1.18:1 Neutral
Total Foreign Buying – PhP 2.763 Billion
Total Foreign Selling – (PhP 3.448) Billion
Net Foreign Buying (Selling) – (PhP 0.685) Billion – 2nd 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:
Last-minute recovery breaks PSEi’s three-day fall
October 26, 2017
LOCAL EQUITIES staged a last-minute rally yesterday that enabled the Philippine Stock Exchange index (PSEi) to break its three-day fall and sneak back above 8,300.
The PSEi – which had been largely in red territory for much of yesterday – climbed by 23.43 points or 0.28% to finish 8,303.35, while the all-shares index rose by 9.24 points or 0.19% to end 4,864.56. PSEi yesterday opened slightly stronger than Tuesday’s 8,279.92 finish at 8,299.68, weakened to 8,244.11 and peaked at 8,327.76 amid trading.
Noting that “[s]hares were bought up at the last minute on light trading value turnover in the PSEi,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said of the last-minute rally in a text message that “[s]ometimes it’s a strategy.”
“If you look at the early morning, we were up. They let prices drop to give the impression there were no buyers. And then bam!” Mr. Limlingan added, noting that the local market was aligned with Wall Street’s rise on Tuesday.
For Ramon Emmanuel B. Badiola, equity analyst/trader at Meridian Securities, Inc., “It’s most probably the end-of-month window dressing.”
“I think they’re already starting,” Mr. Badiola said by phone.
“But the volume is still small, so we will see correction to 8,150-8,100 level.”
Sub-indices that gained consisted of holding firms that added 112.88 points or 1.34% to close 8,535.64, mining and oil that increased by 75.01 points or 0.57% to 13,154.95 and industrials that edged up by 7.37 points or 0.06% to 10,859.83.
Those that lost consisted of financials that retreated by 13.44 points or 0.66% to finish 1,995.65, services that gave up 9.54 points or 0.56% to 1,692.62 and property that declined by 9.02 points or 0.23% to end 3,904.06.
Stocks that lost continued to eclipse those that advanced 107 to 91, while 39 were unchanged.
Wednesday’s list of 20 most actively traded stocks saw Global Ferronickel Holdings, Inc.; Security Bank Corp.; SM Investments Corp. and Ayala Corp. leading those that gained with increases of 2.72% to P2.64 apiece, 2.41% to P255, 2.13% to P960 and 2.002% to P1,019, respectively.
Leading those that lost yesterday were Metropolitan Bank & Trust Co.; GT Capital Holdings, Inc.; Manila Electric Co.; Ayala Land, Inc.; BDO Unibank, Inc.; PLDT, Inc. and Megaworld Corp. that gave up 2.79% to P87 each, 2.42% to P1,127, 1.81% to P282.40, 1.59% to P43.30, 1.47% to P134, 1.15% to P1,720 and 1.12% to P5.28 apiece, respectively.
Wednesday saw 1.23-billion stocks worth P5.91 billion changing hands from Tuesday’s 670.66 million shares worth P7.89 billion.
Foreigners remained largely sellers for a second straight day, although net sales were nearly halved to P684.77 million from Tuesday’s P1.17 billion. – JCL
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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.