Top Ten Smart Money Moves – September 13, 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 September 13, 2017 Data)
Total Traded Value – PhP 12.876 Billion – Medium
Advances Declines – (Ideal is 2:1) 108 Advances vs. 96 Declines = 1.13:1 Neutral
Total Foreign Buying – PhP 8.803 Billion
Total Foreign Selling – (PhP 5.464) Billion
Net Foreign Buying (Selling) –PhP 3.339 Billion – first day of Net Foreign Buying after 5 days of Net Foreign Selling
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:
PSE index climbs further as US stocks hit record
September 14, 2017
THE MAIN INDEX maintained its rise on Wednesday after the trading break the previous day as US stocks hit record highs.
The Philippine Stock Exchange index (PSEi) closed higher by 4.57 points or 0.05% at 8,053.88
Meanwhile, the broader all-shares index finished lower by 2.26 points or 0.04% at 4,776.35.
“Local shares continued on their ascent albeit minimal as US stocks rose to all-time highs on Tuesday as financials received a boost from rising yields,” said Luis A. Limlingan, business development head at Regina Capital Development Corp.
The major Wall Street indexes hit record closing highs on Tuesday, with financial stocks leading the charge. The Dow Jones Industrial Average rose 61.49 points or 0.28% to 22,118.86; the S&P 500 gained 8.37 points or 0.34% to 2,496.48; and the Nasdaq Composite added 22.02 points or 0.34% to 6,454.28.
Mr. Limlingan said US markets rose after fears over Hurricane Irma and geopolitical tensions in Korea eased.
“Wall Street also digested comments from Treasury Secretary Steven Mnuchin on tax reform. European stocks rose for a fifth day with banks in the driver’s seat reflecting a rise in government bond yields,” he said.
Mr. Mnuchin said he was “hopeful” that tax reform would be accomplished by year’s end, adding the administration is thinking about backdating reform to Jan. 1.
Backdating “is still something we are considering and it would be a big boon for the economy,” he said at the Delivering Alpha conference presented by CNBC and Institutional Investor.
Mr. Limlingan added, however, that “price action was tempered by selling pressure” in tech stocks.
Some analysts said the PSEi might once again break the 8,100 level after recent developments here and abroad.
“Looks like we will retest 8,100 again soon,” Miko S. Sayo, a trader at Angping & Associates Securities, Inc., earlier said. “Let’s see if we can finally break above it.”
Four of the six sector indices managed to post gains, led by the mining and oil counter, which advanced by 172.42 points or 1.25% to finish at 13,944.68. Financial stocks inched up by 11.81 points or 0.6% to 1,978.31; industrials gained 22.91 points or 0.2% to 11,275.49; and property moved higher by 2.26 points or 0.05% to 3,808.29. On the other hand, services lost 20.64 points or 1.18% at 1,721.73, while holding firms gave up 15.85 points or 0.2% at 7,918.7.
Advancing stocks outpaced decliners at 108 to 96, while 45 issued finished unchanged. Value turnover stood at P12.88 billion or more than twice the previous trading day’s P6.1 billion. Volume of trade also improved to 1.36 billion from 899.17 million previously.
Foreigners changed course and bought more stocks than they sold, resulting in a net buying of P3.34 billion. Net selling on Monday reached P232 million.
BDO Unibank, Inc. was the most active stock yesterday, followed by Ayala Land, Inc. and SM Investments Corp. — Victor V. Saulon with Reuters
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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.