Top Ten Smart Money Moves – December 21, 2017
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 December 21, 2017 Data)
Total Traded Value – PhP 6.308 Billion – Low
Advances Declines – (Ideal is 2:1) 104 Declines vs. 101 Advances = 1.03:1 Neutral
Total Foreign Buying – PhP 4.199 Billion
Total Foreign Selling – (PhP 2.343) Billion
Net Foreign Buying (Selling) – PhP 1.856 Billion –first day of Net Foreign Buying after 4 days of Net Foreign Selling
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
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 select stocks
December 22, 2017
SHARES bounced back on Thursday as investors went on selective buying of some stocks.
The bellwether Philippine Stock Exchange index (PSEi) gained 0.18% or 15.67 points to finish at 8,378.28.
On the other hand, the all-shares index was flat at 4,892.80, just 0.01% or 0.82 point lower.
“There’s nothing significant market-moving news today, but I think it’s just a bargain hunting of selected stocks,” IB Gimenez Securities, Inc. Head of Research Joylin F. Telagen said in a text message on Thursday.
SM Investments Corp. was the most actively traded stock for Thursday, losing 0.21% to P971.50 apiece, followed by BDO Unibank, Inc with a 0.86% decline to P150.10 each.
Infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) saw its shares jump 0.60% to P6.75, with a total trading volume of 37.52 million following its disclosure that it will be submitting an unsolicited proposal to the Department of Transportation to form a super consortium that will rehabilitate the Ninoy Aquino International Airport.
MPIC will be joining Alliance Global Group, Inc., Filinvest Development Corp., JG Summit Holdings, Inc., Aboitiz InfraCapital, Inc., and AC Infrastructure Holdings Corp. for the proposal.
Regina Capital Development Corp. Managing Director Luis A. Limlingan said the market’s movement was similar to that of indices in the United States, as both are currently instituting reforms to their taxation schemes.
“It was a typical sell on news session as both countries have undergone huge overhauls in their tax system to hopefully boost growth and welfare,” Mr. Limlingan said.
Sectoral counters ended mixed, with four advancing and the other two declining.
The industrials sub-index posted a 0.47% uptick or 52.74 points to 11,151.34, followed by holding firms with an increase of 0.32% or 27.36 points to 8,508.89. The property sector added 0.16% or 6.38 points to 3,889.20, and financials gained 0.03% or 0.68 point to close the session at 2,140.68.
Meanwhile, the mining and oil sub-index gave up 1.24% or 140.78 points to 11,189.84 and services shed 0.18% or 2.94 points to 1,598.29.
A total of 1.13 billion issues switched hands, for a total value turnover of P6.31 billion, higher than the P5.26 billion recorded the day prior.
Losers narrowly outpaced gainers, 104 to 101, while 41 names closed flat.
Foreign investors turned net buyers amounting to P1.86 billion on Thursday, reversing the four-day net outflow that ended at P225.82 million on Wednesday.
MPIC is one of three Philippine units of Hong Kong-based First Pacific, along with PLDT, Inc. and Philex Mining. Hastings Holdings, Inc. — a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc. — maintains interest in BusinessWorld through the Philippine Star Group, which it controls. — Arra B. Francia
Source: http://bworldonline.com/psei-recovers-investors-pick-select-stocks/
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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 continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:
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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.