Top Ten Smart Money Moves – February 19, 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 19, 2018 Data)
Total Traded Value – PhP 9.689 Billion – Medium
Advances Declines – (Ideal is 2:1) 141 Advances vs. 65 Declines = 2.17:1 Bullish
Total Foreign Buying – PhP 3.909 Billion
Total Foreign Selling – (PhP 3.864) Billion
Net Foreign Buying (Selling) – PhP 0.045 Billion – first day of Net Foreign Buying after 15 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 returns to 8,700 level as rate hike fears ease
February 19, 2018 | 6:42 pm
SHARES jumped on Monday as positive corporate earnings alongside dwindling fears for a faster rate hike by the US Federal Reserve fuelled optimism.
The 30-member Philippine Stock Exchange (PSEi) index went up 1.13% or 97.78 points to 8,710.22, while the broader all-shares index climbed 0.93% or 47.60 points to 5,123.20.
“It was a recovery in the market since we were absent last Friday. And also fears of…the movement of the rate increase by the Fed was allayed due to the fact that retail sales figure was not that strong enough. Thus this provided the market to be more optimistic of the continued growth,” Diversified Securities, Inc. equities trader Aniceto K. Pangan said in a phone interview.
Mr. Pangan added that corporate earnings have been positive so far, noting the reports released by property giants SM Prime Holdings, Inc. (SM Prime) and Ayala Land, Inc. (ALI).
SM Prime disclosed on Monday that recurring profit grew 16% to P27.6 billion, while ALI last week said that net income attributable to the parent climbed 21% to P25.3 billion in 2017.
“This means that both the property and consumer sector are positive. There’s relatively sustained growth in the market,” Mr. Pangan said.
All sectors ended on positive territory, led by the financials sub-index which gained 2.55% or 56.57 points to 2,266.86. Mining and oil followed with an increase of 1.72% or 201.85 points to 11,908.20. Property inched up 1.37% or 53.44 points to 3,938.61; services added 1.34% or 22.97 points to 1,728.44; industrials picked up 0.65% or 74.98 points to 11,473.60; while holding firms rose 0.38% or 33.56 points to 8,830.61.
Foreign investors turned buyers, snapping a 15-day selling streak with net inflows of P44.93 million on Monday, against net sales of P373.42 million last Thursday.
A total of 7.35 billion issues switched hands for a value turnover of P9.7 billion, lower than the P10.7-billion turnover in the previous session.
Advancers outpaced decliners, 141 to 65, while 44 names were unchanged.
The market moved in pace with Asian markets, which ended mostly on a positive note.
Analysts expect the upswing recorded on Monday to continue for the rest of the week, as long as the Fed would keep its rate hikes steady in the coming months.
“We expect some upside this week as long as it breaks and holds the 50-day average. This range trade will not last for long. Key support levels are expected to be tested within the month,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message.
Other leads for the week include the release of minutes from the Federal Open Market Committee’s Jan. 30-31 meeting, which could provide more hints on the US central bank’s future moves, as well as the release of local balance of payments data scheduled yesterday. — Arra B. Francia
Source: http://bworldonline.com/psei-returns-8700-level-rate-hike-fears-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.