Top Ten Smart Money Moves – February 14, 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 14, 2018 Data)
Total Traded Value – PhP 8.919 Billion – Medium
Advances Declines – (Ideal is 2:1) 124 Declines vs. 85 Advances = 1.46:1 Neutral
Total Foreign Buying – PhP 2.605 Billion
Total Foreign Selling – (PhP 3.324) Billion
Net Foreign Buying (Selling) – (PhP 0.719) Billion – 14th day of Net Foreign Selling after a day of Net Foreign Buying
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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Shares eke out gains as market concerns ease
February 14, 2018 | 6:45 pm
LOCAL STOCKS managed to post gains amid see-saw trading on Wednesday, tracking the increase in global markets after concerns on higher inflation and rate hikes started to ease.
The 30-member Philippine Stock Exchange index (PSEi) climbed 0.32% or 27.97 points to end at 8,598.11 yesterday.
The broader all-shares index likewise added 0.38% or 19.59 points to 5,072.80.
“Philippines and US stocks eked out small gains, but were still showing signs of renewed intraday turbulence, as markets struggled to comprehend a new set of volatilities, ahead of key inflation data and doubts that last week’s brutal selling will be short-lived,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said.
Overnight, the Dow Jones Industrial Average gained 0.16% or 39.18 points to 24,640.45. The S&P 500 index edged higher by 0.26% or 6.94 points to 2,662.94, while the Nasdaq Composite Index was up 0.45% or 31.55 points to 7,013.51.
“Local equities may have also taken their cue from gains in the US market last night. Recall that inflation expectations have turned benign, easing concerns of a faster-than-expected pace of Fed[eral Reserve] rate hikes,” Papa Securities Deputy Head of Research Arabelle C. Maghirang said in an e-mail on Wednesday.
The market saw the release of full-year financial results of Ayala Land, Inc. on Wednesday. The property firm reported a 21% growth in attributable profit to P25.3 billion, lifted by a 14% increase in revenues to P142.3 billion.
Ms. Maghirang said these factors helped offset the drop in Metro Pacific Investments Corp.’s (MPIC) stock price by 8.65% to P5.60 each. The infrastructure conglomerate disclosed on Wednesday that the government filed an application with the High Court of Singapore to set aside the arbitral award for Maynilad Water Services, Inc.
The industrials sector was the lone sub-index that ended in the red yesterday, although with a modest dip of 0.76 point to 11,396.87.
Property led gainers as it climbed 1.23% or 47.60 points to 3,916.20, followed by mining and oil, which added 0.88% or 101.27 points to 11,498.04. Services rose 0.72% or 12.30 points to 1,719.21; financials inched up 0.23% or 5.12 points to 2,211.13; while holding firms was flat with an increase of 0.39 point to 8,709.17.
Some 1.80 billion issues switched hands for a value turnover of P8.92 billion, up from Tuesday’s P7.66 billion. Decliners trumped advancers, 124 to 85, while 50 issues were unchanged.
Foreigners were sellers for the 15th consecutive day, posting net outflows of P719.46 million, although lower than the P841.65 million recorded on Tuesday.
MPIC is one of three Philippine subsidiaries of Hong Kong-based First Pacific Co. Ltd., the others being PLDT, Inc. and Philex Mining Corp. 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/shares-eke-gains-market-concerns-ease/
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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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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.