Top Ten Smart Money Moves – August 22, 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 August 22, 2018 Data)
Total Traded Value – PhP 6.484 Billion – Low
Advances Declines – (Ideal is 2:1) 103 Advances vs. 103 Declines = 1.0:1 Perfectly Neutral
Total Foreign Buying PhP 3.732 Billion
Total Foreign Selling – (PhP 3.670) Billion
Net Foreign Buying (Selling) – PhP 0.620 Billion – first day of Net Foreign Buying after 7 days of Net Foreign Selling
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 rise on investors’ selective buying
August 22, 2018 | 9:00 pm
SHARES jumped on Wednesday on selective buying of large-cap stocks after investors returned to the market following the Eid’l Adha holiday.
The bellwether Philippine Stock Exchange index (PSEi)climbed 1.75% or 131.73 points to close at 7,632.26, recovering after the holiday break on Tuesday.
The broader all-shares index likewise rose 1.17% or 53.48 points to 4,623.61.
“As expected, participants were quick to make up for the break wedged between the trading days, and picked up stocks beaten in previous sessions,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
Shares in Jollibee Foods Corp. jumped 4.76% to P286 each; Universal Robina Corp. surged 4.83% to P139 apiece; SM Investments Corp. rose 2.02% to P936.50 per share; while Manila Electric Co. also gained 3.66% to P363 each.
The PSEi tracked the climb in international markets as Wall Street also ended Tuesday with gains. The Dow Jones Industrial Average added 0.25% or 63.60 points to 25,822.29. The S&P 500 index inched up 0.21% or 5.91 points to 2,862.96, while the Nasdaq Composite index ended 0.49% or 38.17 points higher to 7,859.17.
“The PSEi traded strongly throughout the day, buoyed by the positivity from US markets over our short holiday, and was even bought up at the close,” Papa Securities Corp. trader Gabriel Jose F. Perez said in an e-mail.
Meanwhile, Asian shares ex-Japan were trading 0.25% higher after the benchmark S&P 500 touched a record high on Tuesday, buoyed by strong earnings reports in the consumer sector and relative calm in the trade dispute between the United States and China.
Back home, all sectoral indices ended in positive territory. Industrials led gainers, soaring 2.63% or 286.41 points to 11,169.26, followed by property which firmed up 1.88% or 70.88 points to 3,833.02. Holding firms went up 1.76% or 129.30 points to 7,441.82; mining and oil rallied 1.32% or 128.88 points to 9,862.38; services logged 0.81% or 12.28 points to 1,527.80; while financials added 0.14% or 2.64 points to 1,788.09.
Some 1.65 billion issues valued at P6.48 billion switched hands, higher than the previous session’s P5.40-billion turnover.
Foreign investors reversed their selling position as they logged net purchases worth P62.13 million yesterday from Monday’s net outflow of P669.91 million.
Advancing and declining stocks were tied at 103 each yesterday, while 36 names ended unchanged.
“However, [Thursday] might be another story altogether… Cues overseas are mixed, as US market will most likely be euphoric from S&P’s historical bull run, while developments with the Manafort & Cohen cases still downside risk for US bourses,” Regina Capital’s Mr. Limlingan said. “Rest assured, Wall St.’s closing [on Wednesday] will point the direction for PSEi’s opening sentiment,” he added. — Arra B. Francia with Reuters
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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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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.