Top Ten Smart Money Moves – September 26, 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 26, 2017 Data)
Total Traded Value – PhP 9.607 Billion – Medium
Advances Declines – (Ideal is 2:1) 138 Declines vs. 63 Advances = 2.19:1 Bearish
Total Foreign Buying – PhP 4.439 Billion
Total Foreign Selling – (PhP 5.599) Billion
Net Foreign Buying (Selling) – (PhP 1.160) Billion – first day of Net Foreign Selling after 4 days 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:
Shares decline on fresh US-North Korea tension
September 27, 2017
TENSIONS between the US and North Korea weighed on Asian markets, pulling down with them local equities, analysts said.
The Philippine Stock Exchange index (PSEi) on Tuesday gave up 74.59 points or 0.9% to close at 8,170.14.
The wider all-shares index also lost 30.79 points or 0.63% to end the session at 4,831.86.
“Weakness in the US and escalation of warlike rhetoric between [Donald J.] Trump and Kim [Jong Un] led to risk-off behavior,” said Miguel A. Agarao, vice-president of Philequity Management, Inc.
“This affected Asian markets, including the Philippines, with the correction here exacerbated by EDC’s sharp drop,” he added, referring to Energy Development Corp. (EDC), which was removed from the main index.
The PSE announced that EDC had been removed from the PSEi as its free float level fell below the 12% minimum requirement to qualify as a main index constituent. Shares in Lopez-led EDC fell by 20% to close at P4.80 each.
EDC will be replaced by Robinsons Retail Holdings, Inc.
Mr. Agarao also cited “heavy foreign selling” as one of the reasons for yesterday’s slide. Foreigners were net sellers of stocks worth P1.16 billion, a reversal of the other day’s net buying of P8.82 million.
Luis A. Limlingan, business development head at Regina Capital Development Corp., said Philippine and US indices fell amid a fresh flare-up in tensions between the US and North Korea and a sharp decline in technology shares.
Bloomberg reported that US National Security Adviser H.R. McMaster sees the threat from Pyongyang as “much further advanced” than anticipated. The Pentagon also said the US president has a “deep arsenal” to draw upon if needed.
But US officials dismissed North Korean Foreign Minister Ri Yong Ho’s comment that Mr. Trump’s warnings to Pyongyang at the United Nations amounted to a declaration of war.
Sectoral indices retreated, save for services, which advanced by 3.58 points or 0.21% to 1,705.77.
Mining and oil led the decline as it dropped 340.22 points or 2.39% to 13,865.39. Industrials lost 168.89 points or 1.51% to 11,009.8; property went down by 51.06 points or 1.3% to 3,860.43; financials gave up 15.07 points or 0.76% to 1,964.88; and holding firms dropped 35.22 points or 0.42% to 8,284.97.
Losers outnumbered gainers at 138 to 63, while 53 stocks finished unchanged. Trading value was at P9.61 billion, higher than the previous day’s P6.76 billion, with 2.22 billion shares changing hands.
Most Southeast Asian stock markets fell in line with broader Asia on Tuesday as investors sought shelter in safe-haven assets with tensions flaring up again on the Korean peninsula.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell as much as 0.5% to a near three-week low and was last down 0.3%, following losses on Wall Street. — 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.