Top Ten Smart Money Moves – February 18, 2019
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.
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Total Traded Value – PhP 11.074 Billion – Medium
Advances Declines – (Ideal is 2:1) 114 Declines vs. 97 Advances = 1.18:1 Neutral
Total Foreign Buying PhP 7.024 Billion
Total Foreign Selling – (PhP 6.475) Billion
Net Foreign Buying (Selling) – PhP 0.549 Billion – first day of Net Foreign Buying after a day 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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Shares climb on hopes of positive US-China talks
February 18, 2019 | 9:00 pm
By Arra B. Francia, Reporter
LOCAL EQUITIES rose on Monday on the back of rosy prospects for the trade talks between the United States and China happening this week.
The bellwether Philippine Stock Exchange index (PSEi) climbed 0.02% or 1.69 points to close at 7,910.58 yesterday, although failing to sustain early morning gains that saw the main index close in on the 8,000 mark. The broader all-shares index likewise went up 0.37% or 18.28 points to 4,841.60.
“Trade optimism and a relatively quiet session ahead of the President’s Day Holiday boosted the market today in the Philippines,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message on Monday.
Both Chinese President Xi Jinping and US President Donald J. Trump said progress has been made on their trade negotiations last week. Beijing and White House officials are set to meet this week for another round of talks.
AAA Southeast Equities, Inc. President William Matthew M. Cabangon also noted that Mr. Trump’s comments about progress on the US-China trade talks over the weekend helped boost sentiment.
“Market has clearly brushed off last Friday’s selloff with today’s strong performance. With the PSEi rebalancing out of the way, investors saw great bargain opportunities across the index, with foreign investors net-buying more than P500 million,” Mr. Cabangon said in a text message on Monday.
Foreign investors registered a net buying position of P549 million, versus the previous session’s net selling figure of P490 million.
Sectoral indices were equally split between gainers and losers. Leading the advancers was the services counter as it gained 0.66% or 10.40 points to 1,578.94. Holding firms went up 0.48% or 37.85 points to 7,939.78, while financials added 0.08% or 1.45 points to 1,787.84.
In contrast, property dropped 0.77% or 30.97 points to 4,005.73. Mining and oil slumped 0.41% or 34.60 points to 8,458.31, while industrials slipped 0.26% or 30.18 points to 11,427.11.
Turnover slipped to P11.07 billion after some 1.39 billion issues switched hands, lower than Friday’s P16.39 billion. Decliners swamped advancers, 114 to 97, while 39 names were unchanged.
San Miguel Corp. and JG Summit Holdings, Inc. were among the day’s top gainers after they were added to the large-cap index of the Financial Times Stock Exchange 100 Index.
“No Philippine companies were removed from the FTSE’s large cap index, strengthening AAA’s view that the local market is poised for a strong year as foreign funds display higher investment conviction in the Philippines,” Mr. Cabangon said.
Meanwhile, Wall Street indices ended in positive territory on Friday, with the Dow Jones Industrial Average surging 1.74% or 443.86 points to 25,883.25. The S&P 500 index jumped 1.09% or 29.87 points to 2,775.60, while the Nasdaq Composite index went up 0.61% or 45.46 points to 7,472.41.
Source: https://www.bworldonline.com/shares-climb-on-hopes-of-positive-us-china-talks/
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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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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.