Top Ten Smart Money Moves – September 18, 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 18, 2017 Data)
Total Traded Value – PhP 8.109 Billion – Medium
Advances Declines – (Ideal is 2:1) 121 Advances vs. 83 Declines = 1.46:1 Neutral
Total Foreign Buying – PhP 3.324 Billion
Total Foreign Selling – (PhP 3.371) Billion
Net Foreign Buying (Selling) – (PhP 0.047) Billion – first 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:
PSE index rallies past 8,200 ahead of Fed, BSPPSE index rallies past 8,200 ahead of Fed, BSP
September 19, 2017
The Philippine Stock Exchange index (PSEi) broke past the 8,200 mark and closed at a record high of 8,294.14, up by 113.29 points or 1.4 percent on September 18, 2017.
THE Philippine Stock Exchange index (PSEi) maintained it strength as it soared past the 8,200 mark on Monday to close at a fresh all-time high for the third straight session.
The PSEi finished higher by 113.29 points or 1.38% at 8,294.14 yesterday.
Monday’s close was a new record for the main index, eclipsing Friday’s 8,180.85 and is also its new all-time intraday high.
Since the start of the year, the PSEi has gained 21.2%, the PSE said.
The broader all-shares index also finished higher by 50.15 points or 1.03% at 4,886.48.
“Shares continued their upward trajectory as an important trading week sees the end of the ghost month and the meeting of several central banks including our own. Both S&P 500 and Dow finished at records, which also propelled the Philippines to new heights,” said Luis A. Limlingan, business development head at Regina Capital Development Corp.
Last Friday, the Dow Jones Industrial Average rose 0.29% to end at 22,268.34 points, while the S&P 500 gained 0.18% to 2,500.23, records for both. The Nasdaq Composite added 0.3% to 6,448.47.
Back home, sectoral counters finished mixed on Monday, although those that closed in the green did so strongly.
Holding firms climbed by 184.28 points or 2.28% to finish at 8,234.38 to lead advancers. Property stocks gained 64.69 points or 1.64% to 3,991.49; financials rose 19.08 points or 0.96% to 1,992.94; and services gained 2.06 points or 0.11% to end the day at 1,741.01.
On the other hand, mining and oil stocks were down 16.56 points or 0.11% to close at 14,252.16, and industrials gave up 9.22 points or 0.08% to finish at 11,358.04.
Value turnover thinned to P8.11 billion on Monday from the previous session’s P11.18 billion, with 1.3 billion shares changing hands.
A total of 121 stocks advanced yesterday, outpacing the 83 that retreated. Unchanged issues numbered 46.
Foreigners sold more stocks than they bought, closing the session with net selling of P45.63 million, a reversal of Friday’s net buying of P473.68 million.
SM Investments Corp. came out as the most active stock yesterday, followed by Ayala Corp. The others in the top five are Ayala Land, Inc., SM Prime Holdings, Inc. and BDO Unibank, Inc.
Globally, the main event for markets will be the US Federal Reserve meeting on Tuesday and Wednesday where it is likely to take another step toward normalization in what is rapidly becoming a global trend.
The Bangko Sentral ng Pilipinas (BSP) will also be holding its rate-setting meeting on Thursday.
“We expect the BSP to leave policy rates unchanged, keeping the overnight reverse repo rate at 3% and the overnight deposit rate at 2.5%. While headline inflation has ticked up over the past two months, our projections suggest that year-over-year inflation could stay quite muted through the end of the year,” Mr. Limlingan said. — 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.