Top Ten Smart Money Moves – October 3, 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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Advances Declines – (Ideal is 2:1) 93 Advances vs. 92 Declines = 1.01:1 Neutral
Total Foreign Buying PhP 3.473 Billion
Total Foreign Selling – (PhP 3.755) Billion
Net Foreign Buying (Selling) – (PhP 0.282) Billion – 25th 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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Main index rebounds on Fed chairman’s remarks
October 3, 2018 | 9:00 pm
THE MAIN INDEX snapped its three-day losing streak on Wednesday as it took a breather from oversold conditions in previous sessions.
The benchmark Philippine Stock Exchange index (PSEi) traded sideways for most of the day before jumping 1.1% or 78.51 points to 7,210.87. The broader all-shares index also climbed 0.54% or 24.17 points to 4,422.97.
“Philippine shares took a breather as investors focused on issues affecting other regional markets today, namely the Fed Chairman reiterating a muted inflation for the US, and the unfolding of the Europe budget debacle,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message on Wednesday.
Investors took cues from US Federal Reserve Chairman Jerome Powell’s statement that there are no signs of inflation spiking amid a low unemployment rate. Markets in the US ended mixed, with the Dow Jones Industrial Average rising 0.46% or 122.73 points to 26,773.94. Both the S&P 500 index and Nasdaq Composite index fell, dropping 0.04% and 0.47%, respectively.
“Locally and in Asia, investors remain tentative as no fresh catalysts hit the market with China out for Golden Week,” Regina Capital’s Mr. Limlingan added.
Meanwhile, Papa Securities Corp. trader Gabriel Jose F. Perez said overall sentiment remained the same, with investors just waiting for the release of September inflation figures on Friday.
“The overall sentiment has been the same since the start of the week with participants waiting on Friday’s inflation data release. Until then, we might still see more of the low value turnover we’ve been encountering,” Mr. Perez said in an e-mail.
The Bangko Sentral ng Pilipinas earlier said inflation have reached 6.8% last month, or within a range of 6.3-7.1%. The Department of Finance on the other hand, expects the reading to be the same as August’s figure of 6.4%.
All sectoral indices ended in positive territory. Property surged 2.1% or 73.39 points to 3,557.67, followed by mining and oil which gained 1.54% or 133.50 points to 8,766.42. Industrials rose 1.07% or 111.66 points to 10,543.46; holding firms went up 1.04% or 72.99 points to 7,088.42; services added 0.46% or 7.02 points to 1,507.50; while financials posted an uptick of 0.31% or 5.03 points to 1,614.14.
Some 587.96 million issues switched hands, resulting in a P5.44-billion turnover, slightly lower than Tuesday’s P5.70 billion. Advancers beat decliners by a slim margin, 93 to 92, while 60 names closed flat.
Foreign investors dumped P281.90 million worth of funds on Wednesday, slowing down from the previous session’s P397.38 million.
Thirteen out of the 20 most active stocks for the day ended with gains, including Manila Electric Co. (up 4.91% to P358.80); PXP Energy Corp. (up 4.84% to P16.90); Ayala Land, Inc. (up 3.05% to P40.50); and Metro Pacific Investments Corp. (up 2.35% to P4.80). — Arra B. Francia
Source: https://www.bworldonline.com/main-index-rebounds-on-fed-chairmans-remarks/
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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.