Top Ten Smart Money Moves – September 15, 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 15, 2017 Data)
Total Traded Value – PhP 11.184 Billion – Medium
Advances Declines – (Ideal is 2:1) 101 Declines vs. 98 Advances = 1.03:1 Neutral
Total Foreign Buying – PhP 7.262 Billion
Total Foreign Selling – (PhP 6.789) Billion
Net Foreign Buying (Selling) – PhP 0.473 Billion – first day of Net Foreign Buying after a day 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:
Stocks to test fresh highs after last week’s record
September 18, 2017
POLITICAL ISSUES here and abroad are set to take center stage this week as the country observes the 45th anniversary of the declaration of martial law at a time when tension in the region remains high after North Korea’s missile test.
Last week, the Philippine Stock Exchange index (PSEi) closed Friday’s session at a new high of 8,180.85, up 35.94 points or 0.44% from Thursday’s record close of 8,144.91.
“Notably, the PSEi bottomed out at our indicated support of 8,105 before rallying all the way to the top,” said RCBC Securities, Inc.
The all-shares index also finished higher at 4,836.33, up by 20.42 points or 0.42%. Five of the six sectoral counters closed higher, led by the property sector’s 1.29% gain. Value turnover for the day amounted to P11.18 billion with 1.18 billion shares traded.
Since the start of the year, the PSEi has gained 19.6%, the bourse said.
In the coming days, analysts said investors will continue to focus on geopolitical issues, with the PSEi also likely to retest new highs following last week’s records.
“Attention would gyrate between geopolitical headlines in the region … as well as trail from local headlines on the possibility of Martial Law,” said the research team of 2TradeAsia.com, the online arm of F. Yap Securities, Inc.
Focus would be on the next move of the 15-member United Nations Security Council, which on Monday last week passed a resolution unanimously approving sanctions aimed at responding to North Korea’s latest missile and nuclear test.
This came after Kim Jong Un’s regime tested what is believed to be its most powerful nuclear bomb yet.
The resolution is seeking to slash imports of refined petroleum products to 2 million barrels a year, ban textile exports and tighten inspections of ships that are believed to be loaded with cargo in breach of sanctions.
In the Philippines, various groups have urged Filipinos to participate in various protests on Sept. 21, a move that has drawn the Palace to say that it might consider declaring martial law in the whole country if street movements become fiery.
“Having breached as much as 8,180 however, local equities could re-test trouncing 8,300 with strong support pegged at 8,000,” said 2TradeAsia.com.
It said the “macro driver is still on the Philippine’s growth story.”
“Immediate support is 8,100, resistance 8,200-8,270,” it said.
2TradeAsia.com said domestic liquidity indicators remain upbeat, as the Treasury bureau’s latest Treasury bill auction was 3.5 times oversubscribed.
It said the extra boost in the local capital market would come from completion of Energy Development Corp.’s tender offer, the block sale in Bloomberry Resorts Corp. and the sale of International Container Terminal Services, Inc.’s treasury shares.
“All these coincide with the end of the ‘ghost month’ period, which should improve investors’ appetite to accumulate,” it said. — Victor V. Saulon
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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.