The Responsible Trader

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 August 10, 2016 Data)
Total Traded Value – PhP 8.214 Billion – Medium
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 106 Declines vs. 83 Advances = 1.28:1 Neutral
Total Foreign Buying – PhP 3.875 Billion
Total Foreign Selling – (PhP 3.996) Billion
Net Foreign Buying (Selling) (PhP 0.121) Billion – 1st 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

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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Local stocks end flat amid lack of strong drivers

Posted on August 11, 2016

STOCKS closed almost unchanged on Wednesday amid the lack of strong drivers as earnings reports of companies so far this week came out in line with what analysts expected.

The Philippine Stock Exchange index (PSEi) closed almost flat, easing by just 3.66 points or 0.04% to 8,051.40 yesterday.

The all shares index slipped by less than a point to end at 4,778.89.

“So far, there are not much any surprises from the first half results of the companies. So it’s a sort of mixed bag,” Lexter L. Azurin, head of research at Unicapital Securities, Inc., said in a phone interview.

He said among the stocks that moved the market were Jollibee Foods Corp. and SM Investments Corp.

Shares in Jollibee finished lower by 1.87% to P252.20 each. The company on Tuesday reported an 11% increase in net income to P1.63 billion during the second quarter from P1.47 billion recorded a year ago.

“Jollibee is just in line, given the current valuation, we think that it might be overvalued at this time,” Mr. Azurin said.

SM Investments, for its part, reported a net income of P11.77 billion in the second quarter, down from P10.19 billion a year earlier. Its shares went down by 0.5% to P693.50 yesterday.

“The market is waiting for some catalyst that can pull it higher,” he said. “It might trade within the ranges, between 7,900 to 8,100 until we see some major catalyst.”

Four of the six sectoral indices finished marginally higher yesterday, with mining and oil posting the biggest gains at 69.15 points or 0.64% 10,735.49. Financials gained 8.08 points or 0.43% to 1,877.12. Property stocks moved up by 7.35 or 0.2% to 3,690.53. Services went up by 2.61 points or 0.16% to 1,573.35.

Meanwhile, the industrials counter gave up 45.35 points or 0.36% to 12,344.31 and holding firms dropped 24.97 points or 0.31% to close Wednesday’s session at 7,917.06.

Decliners trumped advancers, 106 to 83, while 41 stocks closed unchanged.

Value turnover went down to P8.21 billion yesterday from Tuesday’s P9.51 billion after 1.57 billion shares changed hands.

Foreigners turned net sellers anew. Net foreign selling reached P121.46 million on Wednesday, a reversal of the previous day’s net purchases worth P320.38 million.

“The last day of the [earnings] briefings will be this Friday. So after that, the market may also follow regional markets,” Mr. Azurin said. “We have the GDP (gross domestic product) report…That can also be a driver for the market.”

The National Economic and Development Authority will release official economic growth data next week.

Southeast Asian stocks were also sluggish on Wednesday on subdued risk sentiment as Chinese policy makers appeared to have disparate opinions regarding the ideal easing measure required for stoking economic growth. — VVS with Reuters

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=local-stocks-end-flat-amid-lack-of-strong-drivers&id=131714

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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 P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion