Top Ten Smart Money Moves – August 19, 2019
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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As promised in my last post, Back from the Hack, we are resuming all our activities both in our website and Facebook starting August 1, 2019.
This section of our website has been running for the past five years. Perhaps you are asking, why Top Ten Smart Money Moves? This is what I have written in my new book: “Swing Trading with TRT – A Definitive Guide for Swing Trading the Philippine Stock Market.”
“SMART MONEY
The PSE achieved a milestone by the end of the year 2018 when they reported that the number of stock market accounts broke past the one million mark as a result of the substantial increase in online accounts.
Retail investors owned most of the stock market accounts, representing 97.5% of the total accounts while the remaining 2.5% is held by the institutional investors also considered as smart money.
While we, the retail traders, are big in number, we are small in terms of influence in the stock market because more than 50% of the Total Traded Value Daily is accounted for the institutional investors whose transactions are focused mostly on a handful of their selected stocks.
In our Website, we have a regular feature “Top Ten Smart Money Moves” where we monitor the Top Ten stocks being bought and sold by the smart money.
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Trading Notes for Today – (Based on August 19, 2019 Data)
Total Traded Value – PhP 7.019 Billion – Low
Advances Declines – (Ideal is 2:1) 113 Advances vs. 72 Declines = 1.57:1 Neutral
Total Foreign Buying PhP 3.839 Billion
Total Foreign Selling – (PhP 4.021) Billion
Net Foreign Buying (Selling) – (PhP 0.182) Billion – first 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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PSEi recovers as investors pick up shares at close
August 19, 2019 | 9:00 pm
By Arra B. Francia, Senior Reporter
SHARES recovered on Monday as investors bought shares at the close, even as market sentiment remained cautious due to tensions abroad.
The bellwether Philippine Stock Exchange index (PSEi) jumped 1.82% or 142.37 points to close at 7,938.35 yesterday, snapping the market’s two-day decline. The broader all-shares index likewise advanced 1.18% or 56.07 points to 4,797.21.
“Here at the PSE, the main index ends the day up 1.83% on last-minute buying. It had been flat prior to the close. Market sentiment for equities remains very cautious. The relief that we saw may be temporary,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in a statement on Monday.
“Investors may have showed some optimism as we had the first IPO (initial public offering) for the year, ending the day up more than 40%. The upside is still extremely limited until we see investors gain more confidence in our market.”
The market saw the first IPO for the year with the listing of Kepwealth Property Phils, Inc., whose shares soared 41.99% or P2.41 to close at P8.15 each, compared to its offer price of P5.74.
Meanwhile, Regina Capital Development Corp. Head of Sales Luis A. Limlingan attributed the market’s positive performance to the possibility of central banks doing something about a supposed economic slowdown.
“Stocks rallied as a rebound in bond yields eased fears of a recession that sent stocks tumbling earlier in the week. Speculation of more stimulus from both central banks and governments across the world helped prop up the markets,” Mr. Limlingan said in a mobile phone message.
China’s announcement of key interest rate reforms over the weekend has fueled expectations of an imminent reduction in corporate borrowing costs in the struggling economy, boosting share prices on Monday.
Under the new mechanism, bank lending rates will be linked to the loan prime rate, which will be linked to the People’s Bank of China’s medium-term lending facility interest rate.
All sectoral indices moved to positive territory, led by mining and oil which soared 2.71% or 218.92 points to 8,270.11.
Financials climbed 2.49% or 44.43 points to 1,823.72; industrials rose 2.3% or 249.58 points to 11,093.90; holding firms surged 1.49% or 115.20 points to 7,842.20; services firmed up 1.33% or 20.86 points to 1,589.71; while property added 0.71% or 28.97 points to 4,065.94.
Some 1.02 billion issues switched hands valued at P7.02 billion, lower than Friday’s P8.70-billion turnover.
Advancers outpaced decliners, 113 to 72, while 62 names were unchanged.
Foreign investors resumed their selling for a P182.68-million net outflow against the previous session’s net purchases worth P298.69 million. — with Reuters
Source: https://www.bworldonline.com/psei-recovers-as-investors-pick-up-shares-at-close/
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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.