Top Ten Smart Money Moves – September 28, 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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Total Traded Value – PhP 6.002 Billion – Low
Advances Declines – (Ideal is 2:1) 99 Declines vs. 85 Advances = 1.16:1 Neutral
Total Foreign Buying PhP 3.688 Billion
Total Foreign Selling – (PhP 3.718) Billion
Net Foreign Buying (Selling) – (PhP 0.030) Billion – 22nd 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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PSE index continues to slide
September 28, 2018 | 7:27 pm
THE Philippine stock market ended the quarter in the red, as the month-end’s window dressing failed to stem the market’s continued slide.
The bellwether Philippine Stock Exchange index (PSEi) edged down 0.6% or 43.77 points to 7,276.82. The broader all-shares index fell 0.42% or 18.89 points to 4,464.92.
The property sub-index slumped by 2.37% or 87.73 points to 3,620.84, while industrial went down 1.24% or 133.36 points to 10,647.53. Holding firms slid 0.83% or 60.07 points to 7,159.93 points. Mining and oil dropped 0.79% or 71.22 points.
Meanwhile, financials gained 1.94% or 30.8 points to 1,620.56, while services inched up 0.66% or 0.84 points to 1,494.97.
“Investors sold on news after it was confirmed at 5 p.m. yesterday that the BSP (Bangko Sentral ng Pilipinas) would have a 50bps rate hike which was widely expected,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message on Friday.
The Monetary Board raised policy rates by another 50 basis points (bp) on Thursday, marking the fourth consecutive tightening move this year. The (overnight reverse repurchase) key policy rate is now at 4.5%, the highest since March 2009.
The central bank cited persistent signs of sustained and broadening price pressures” as basis for the hike.
The BSP also raised its inflation forecasts for the fifth time to 5.2% in 2018, from the 4.9% previously.
Jervin S. De Celis, trader at Timson Securities, Inc. said window dressing activities of fund managers did not suffice as investors are also cautious ahead of the release of September’s inflation report on Oct. 5.
“Window dressing for the end of 3Q didn’t help much in lifting the index as we wait for a strong catalyst to push the index above 7,500 again,” Mr. de Celis said in a mobile message yesterday.
“We’re a week ahead before the announcement of the inflation rate report for September and investors might stay cautious until we see if the CPI data remains at 6.4% or higher due to the effects of Typhoon Ompong on agricultural goods,” Mr. de Celis added.
As of September 24, farm losses due to Typhoon Ompong (Mangkhut) stood at P26.7 billion, according to the Department of Agriculture.
Decliners trumped advancers, 99 to 85, while 50 issues were unchanged.
Foreigners continued to dump shares although selling eased to P29.14 million compared to Thursday’s P520.5 million net selling.
Value turnover amounted to P6 billion for the 1.02 billion shares that changed hands on Friday, higher than Thursday’s P5.047 billion worth of 667.52 million shares. — Janina C. Lim
Source: https://www.bworldonline.com/pse-index-continues-to-slide/
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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.
As requested by those abroad and those who want the book in digital form, we have produced an eBook version. For those interested please send email to: ninjatrader19@gmail.com Subject: The Responsible Trader – eBook Version.
The book can also be ordered online through our publisher, Central Book Supply. Just go to: http://central.com.ph/bookstoreplus then click Search – The Responsible Trader.
2. The Website: :http://www.theresponsibletrader.com where we publish our daily newsletter Top Ten Smart Money Moves, Stock Trading Lessons, and Inspirational Materials. (FREE)
3. The YouTube Channel: https://www.youtube.com/theresponsibletrader – where you can learn the course “Master’s Certificate in Technical Analysis” which was simplified in an easily understood manner. You can download these videos and learn them at your own convenient time. (FREE)
4. My Slideshare: http://www.slideshare.net/TheResponsibleTrader – where you can view and download copy of the Powerpoint Presentation of my TRT-POV (The Responsible Trader’s Point of View) of the videos posted in our Youtube Channel. (FREE)
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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.