Top Ten Smart Money Moves – April 25, 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.
Trading Notes for Today – (Based on April 25, 2018 Data)
Total Traded Value – PhP 6.210 Billion – Low
Advances Declines – (Ideal is 2:1) 125 Declines vs. 61 Advances = 2.05:1 Bearish
Total Foreign Buying PhP 2.982 Billion
Total Foreign Selling – (PhP 3.352) Billion
Net Foreign Buying (Selling) (PhP 0.370) Billion – 5th day of Net Foreign Selling after a day 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 sinks to 7,500 level on rising US yields
April 25, 2018 | 5:58 pm
THE MAIN INDEX dropped to the 7,500 level on Wednesday, tracking global markets spooked by the continued rise in US yields.
The Philippine Stock Exchange index (PSEi) failed to hold early morning gains as it dropped 0.55% or 42.45 points to close at 7,557.91 Wednesday, Apr. 25, marking a fifth consecutive day of decline.
The broader all-shares index also gave up 0.48% or 22.34 points to finish at 4,595.43.
“Our index fell today below the 7,600 level as the 10-year US Treasury yield touched 3%, the highest level since 2014. Investors are liquidating shares since valuations have been really high since we peaked at 9,078,” Timson Securities, Inc. trader Jervin S. de Celis said in a mobile phone message on Wednesday.
Wall Street dropped sharply on Tuesday as warnings by bellwether companies of higher costs reverberated as the benchmark US 10-year Treasury yield pierced the 3% level for the first time in four years.
The Dow Jones Industrial Average fell 424.56 points or 1.74% to 24,024.13; the S&P 500 lost 35.73 points or 1.34% to 2,634.56; and the Nasdaq Composite dropped 121.25 points or 1.70% to 7,007.35.
Asian indices mirrored this downtrend, staying mostly in the red Wednesday, Apr. 25.
Regina Capital Development Corp. Managing Director Luis A. Limlingan also noted that the series of poor corporate earnings weighed on investor sentiment.
Local sectoral indices bled. Services fell by 1.51% or 23.56 points to 1,529.28, followed by industrials which slipped 0.93% or 101.30 points to 10,777.59.
Holding firms gave up 0.68% or 51.77 points to 7,489.06; mining and oil dipped 0.48% or 50.48 points to 10,292.65; financials went down by 0.27% or 5.45 points to 1,959.12; while property declined by 0.17 point to 3,514.67.
Value turnover stood at P6.21 billion after 1.7 billion issues switched hands. This is slightly higher than the P6.53 billion the market saw in the previous session.
Decliners outpaced advancers, 125 to 61, while 49 issues ended flat.
Net foreign outflows more than doubled to P370.53 million on Wednesday versus Tuesday’s P175.32 million.
Wednesday, Apr. 25 also marked the fifth straight day of net foreign selling for the market.
Moving forward, Timson Securities’ Mr. De Celis said that investors are just waiting for fresh leads that will move the market. “I guess our market is just really waiting for the BSP (Bangko Sentral ng Pilipinas) to tweak rates by next month to combat the rising inflation which is the main worry of market participants since the accelerating CPI (consumer price index) could be a signal of an overheating economy.”
Among the day’s losers were Manila Electric Co., which fell by 3.88% to P307 each, and International Container Terminal Services, Inc., down by 3.77% to P85.40 apiece. — A.B. Francia with Reuters
Source: http://bworldonline.com/pse-index-sinks-to-7500-level-on-rising-us-yields/
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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.
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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.