Top Ten Smart Money Moves – February 13, 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 February 13, 2018 Data)
Total Traded Value – PhP 7.665 Billion – Low
Advances Declines – (Ideal is 2:1) 110 Declines vs. 96 Advances = 1.15:1 Neutral
Total Foreign Buying – PhP 2.471 Billion
Total Foreign Selling – (PhP 3.312) Billion
Net Foreign Buying (Selling) – (PhP 0.841) Billion – 13th 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
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 snaps losing streak as global markets recover
February 13, 2018 | 6:30 pm
STOCKS firmed on Tuesday, tracking the recovery of global markets that began to show signs of stability after consecutive losses in previous weeks.
The bellwether Philippine Stock Exchange index (PSEi) gained 0.96% or 82.23 points to 8,570.14, ending three days of losses amid thinner trading.
The all-shares index also edged higher by 0.54% or 27.31 points to 5,053.21.
“Philippine markets saw a bit of reprieve today from the selling pressure experienced this month, but this was on the back of weaker trading volumes as the CNY (Chinese New Year) holiday gets under way,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message on Tuesday.
The local barometer moved in pace with global markets. On Monday, the Dow Jones Industrial Average picked up 1.7% or 410.37 points to 24,601.27. The Nasdaq Composite Index inched up 1.56% or 107.46 points to 6,981.96, while the S&P 500 was up 1.39% or 36.45 points to 2,656.
“Regional equity rally boosted sentiment in the local front. Also, bargain hunting on index heavyweights SM Prime Holdings, Inc. (SMPH) and JG Summit Holdings, Inc. (JGS) which were battered in the past few sessions lifted the market,” RCBC Securities, Inc. equity analyst Jeffrey Lucero said in a text message.
SMPH recorded a 3.29% increase to P36.15 apiece yesterday, and was also the second most actively traded stock. JGS, meanwhile, added 2.6% or P1.90 to end the day at P74.90 each.
Regina Capital’s Mr. Limlingan added that investors have started re-entering markets on a bargain-hunting mode after seeing signs of stability in markets in the United States.
Southeast Asian stock markets edged higher on Tuesday tracking Wall Street which extended gains after its worst week in two years and as bargain hunters stepped in to buy battered down stocks.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up more than 1%.
Back home, most sectoral counters went up on Tuesday, led by property, which posted a 1.46% or 55.75-point increase to 3,868.60. Holding firms climbed 1.17% or 101.17 points to 8,708.78; mining and oil was up 0.99% or 112.32 points to 11,396.77; services rose 0.86% or 14.70 points to 1,706.91; while financials added 0.32% or 7.12 points to 2,206.01.
Industrials was the lone losing counter as it closed 0.63% or 72.99 points lower to 11,397.63.
Around 1.82 billion issues valued at P7.66 billion switched hands, higher than the P5.86 billion worth traded last Monday.
While the main index was up, declining stocks still outpaced those that advanced, 110 to 96, while 48 names were flat.
Foreigners maintained a selling position on Tuesday as net outflows stood at P841.65 million, although lower than Monday’s P1.27 billion. — Arra B. Francia with Reuters
Source: http://bworldonline.com/psei-snaps-losing-streak-global-markets-recover/
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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 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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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.