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 Feb.29, 2016  Data)

Total Traded Value –  PhP 8.492 Billion –  Medium

Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 90 Advances vs. 88 Declines  = 1.02:1  Neutral

Total Foreign Buying – PhP 3.706 Billion

Total Foreign Selling – (Php 4.312) Billion

Net Foreign Buying (Selling) – (Php 0.606)  Billion – 3rd 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 Software

 

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:

==================================================

Posted on February 29, 2016 07:41:00 PM

By Krista A. M. Montealegre, Senior Reporter

PSEi slides on ‘disappointing’ results from PLDT

STOCKS wiped out gains yesterday, weighed by the sell-off in Philippine Long Distance Telephone Co. (PLDT) after the index heavyweight reported “disappointing” earnings and a bleak outlook.

The benchmark Philippine Stock Exchange index (PSEi) sank 100.26 points or 1.48% to close at 6,671.04 — also the session’s low. The all-shares index dropped 29.38 points or 0.75% to finish at 3,876.38.

“Markets succumbed to a sell-off after the disappointing fourth quarter and full-year results of index heavyweight PLDT, which dropped more than 17%,” Luis A. Limlingan, business development head at Regina Capital Development Corp., said in a phone interview.

Shares in PLDT dropped 17.86% to close at the session’s low of P1,830.00 each yesterday. The local barometer was up by as much as 0.69% before the dominant telco disclosed its financial results.

“About 95 points of the total drop came from PLDT. The disappointing earnings came as a surprise more on the negative side because expectations were quite far from what analysts had expected,” Lexter A. Azurin, head of research at Unicapital Securities, Inc., said in a phone interview.

Services plummeted 128.26 points or 8.35% to 1,407.49, as the plunge in PLDT shares weighed on the sector.

Local stocks mirrored the decline in Asian markets amid renewed concerns over China’s economic fundamentals before the release of key data this week.

“Markets were also reeling as regional markets especially China sank to the lowest level in a month. Some investors were disappointed by a lack of specific measures to boost growth during the Group of 20 meetings in Shanghai,” Regina Capital’s Mr. Limlingan said.

Likewise, holding firms shed 59.38 points or 0.92% to 6,367.73; mining and oil fell 51.11 points or 0.48% to 10,570.61; and financials slipped less than a point or 0.06% to 1,497.65.

In contrast, property climbed 49.48 points or 1.83% to 2,742.48 and industrial jumped 18.58 points or 0.16% to close at 11,109.54.

Value turnover improved to P8.49 billion after 1.75 billion shares changed hands, from Friday’s P6.46 billion.

Advancers narrowly beat decliners, 90 to 88, while 46 issues were unchanged.

Net foreign selling declined to P606.41 million from P701.87 million in the previous session.

“We have hit resistance levels so it seems the market is poised to test support levels at 6,600. There is a possibility that the sell-off in PLDT may continue, which may be a drag to the broader market,” Unicapital’s Mr. Azurin said.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a stake in BusinessWorld through the Philippine Star Group, which it controls.

Source: http://www.bworldonline.com/content.php?section=StockMarket&title=psei-slides-on-disappointing-results-from-pldt&id=123774

==================================================

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