Top Ten Smart Money Moves – April 26, 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 26, 2018 Data)
Total Traded Value – PhP 5.108 Billion – Low
Advances Declines – (Ideal is 2:1) 112 Advances vs. 89 Declines = 1.26:1 Neutral
Total Foreign Buying PhP 2.539 Billion
Total Foreign Selling – (PhP 3.027) Billion
Net Foreign Buying (Selling) (PhP 0.488) Billion – 6th 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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PHL shares climb as interest rate concerns ease
April 26, 2018 | 6:08 pm
LOCAL SHARES climbed on Thursday, ending in positive territory for the first time this week as concerns on rising interest rates momentarily settled.
The bellwether Philippine Stock Exchange index (PSEi) gained 0.78% or 59.51 points to close at 7,617.42, reversing early day losses that saw the market sink further down the 7,500 mark.
The broader all-shares index also ended higher, gaining 0.49% or 22.62 points to 4,618.05.
“Philippine markets finally got a lift, coinciding with Wall Street snapping a five-day losing streak as interest rate concerns ebbed. Overnight markets were relatively muted despite the 10-year US Treasury yield firmly above 3%, bringing some buying interest back to the markets,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message Thursday, Apr. 26.
Analysts have been expecting the market to consolidate between the 7,600 to 7,750 level this week, before finding a stronger support base that will help it find its way back to an upward trajectory.
Four sectoral indices advanced, led by property which jumped 2.12% or 74.60 points to 3,589.27. Holding firms followed with an increase of 1.06% or 80 points to 7,569.06; services gained 0.57% or 8.84 points to 1,538.12, while industrials added 0.38% or 41.96 points to 10,819.55.
On the other hand, financials lost 0.82% or 16.09 points to 1,943.03, while mining and oil shed 0.51% or 53.21 points to 10,239.44.
A total of 780 million issues valued at P5.11 billion switched hands on Thursday, lower than Wednesday’s P6.21-billion value turnover.
Advancers outpaced decliners, 112 to 89, while 39 issues closed flat.
Foreign investors remained sellers, with net outflows rising to P488.04 million on Thursday, against P370.53 million in the previous session.
Thirteen of the 20 most actively traded stocks eked out gains, with index heavyweight JG Summit Holdings, Inc rising 3.81% to P61.25 each, while Universal Robina Corp added 2.92% to P137.60 each. Speculation of Now Corp.’s participation as the third telco player continued to propel its shares, rallying 17.08% to P8.02 each.
Shares of homegrown food giant Jollibee Foods Corp. were sold down on Thursday, ending 0.57% lower to P280 apiece.
“Reversal at closing looks good for tomorrow,” Eagle Equities, Inc. President Joseph Y. Roxas said via text when asked for an outlook on the PSEi for the short term.
Positive corporate earnings lifted US markets overnight, with the Dow Jones Industrial average recovering from a five-day decline to close 0.25% or 59.70 points higher to 24,083.83. The S&P 500 index went up 0.18% or 4.84 points to 2,639.40, while the Nasdaq Composite index closed slightly lower or by 0.05% or 3.62 points to 7,003.74.
Asian indices were also mixed on Thursday, as investors digested the impact of quarterly corporate earnings. — Arra B. Francia
Source: http://bworldonline.com/phl-shares-climb-as-interest-rate-concerns-ease/
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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.