Top Ten Smart Money Moves – February 20, 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 20, 2018 Data)
Total Traded Value – PhP 7.848 Billion – Low
Advances Declines – (Ideal is 2:1) 116 Declines vs. 95 Advances = 1.22:1 Neutral
Total Foreign Buying – PhP 2.853 Billion
Total Foreign Selling – (PhP 3.277) Billion
Net Foreign Buying (Selling) – (PhP 0.424 Billion) – first 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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Shares post small gain as market looks for leads
February 20, 2018 | 6:35 pm
SHARES moved up on Tuesday, managing to reverse early losses, as investors looked for leads while turning cautious on the release of fourth-quarter earnings reports.
The bellwether Philippine Stock Exchange index (PSEi) rose 0.14% or 12.48 points to finish at 8,722.70, reversing intraday losses that saw the market sink back to the 8,600 level.
The all-shares index, meanwhile, picked up 0.12% or 6.59 points to 5,129.79.
“Philippine markets traded slightly in the green even with not enough market-making activity plus no new earnings releases,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message.
Papa Securities Corp. Deputy Head of Research Arabelle C. Maghirang, meanwhile, noted that the release of earnings reports next week may prompt increased trading.
“The choppy trading may be a reflection of investor caution as we approach earnings season. 4Q (Fourth-quarter) figures from MER, SCC, BDO, and MWC all come out early next week and may turn out to be the pivotal force to push the PSEi’s out of its lull,” Ms. Maghirang said, referring to Manila Electric Co., Semirara Mining and Power Corp., BDO Unibank, Inc., and Manila Water Company, Inc., respectively.
The government’s release of guidelines for the third telco player also propped up prices of stocks in that sector. Now Corp., which investors have been speculating to become the third player, was the day’s most actively traded stock, closing 29.03% higher to P14.58 apiece.
Meanwhile, telecom giants PLDT, Inc. and Globe Telecom, Inc. also posted gains of 2.64% to P1,596 and 1.59% to P1,850 each, respectively.
Four sectoral indices moved to positive territory, while two ended the day with losses.
The mining and oil sector climbed 0.88% or 105.35 points to 12,013.55; services inched up 0.57% or 9.96 points to 1,738.40; property gained 0.49% or 19.55 points to 3,958.16; while holding firms posted a 0.36% increase or 32.19 points to 8,862.80.
On the other hand, financials dropped 1.08% or 24.66 points to 2,242.20, while industrials had a modest decrease of 0.02% or 2.74 points to 11,470.86.
Some 3.47 billion issues valued at P7.85 billion switched hands, thinner than Monday’s value turnover of P9.7 billion.
Decliners trumped advancers 116 to 95, while 53 names ended flat.
Foreign investors reversed their buying position, posting net sales of P423.42 million on Tuesday against net purchases of P44.93 million in the previous session.
Trading in the United States was suspended on Monday for the annual celebration of Presidents’ Day.
Meanwhile, most Asian markets were down on Tuesday, tracking the general decrease seen in US stock futures. MSCI’s broadest index of Asia-Pacific shares outside Japan shed as much as 0.70%. — Arra B. Francia with Reuters
Source: http://bworldonline.com/shares-post-small-gain-market-looks-leads/
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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.
As requested by those abroad and those who want the book in digital form, we have produced an eBook version. For those interested please send email to: ninjatrader19@gmail.com Subject: The Responsible Trader – eBook Version.
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.