Top Ten Smart Money Moves – February 27, 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 27, 2018 Data)
Total Traded Value – PhP 9.251 Billion – Medium
Advances Declines – (Ideal is 2:1) 119 Advances vs. 94 Declines = 1.27:1 Neutral
Total Foreign Buying – PhP 3.613 Billion
Total Foreign Selling – (PhP 3.890) Billion
Net Foreign Buying (Selling) – (PhP 0.277Billion) – 6th 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 rises 1% but falls short of 8,600 level
February 27, 2018 | 6:53 pm
SHARE PRICES closed higher on Tuesday, just short of the 8,600 level, after a dip in US bond yields fueled investor confidence in the equities markets.
The bellwether Philippine Stock Exchange index (PSEi) rose 92.40 points or 1.08% to 8,592.38. The all-shares index gained 52.35 points or 1.03% to 5,118.73.
“(On Monday), our market hit major support at 8,380 and this, along with the US rally, provided the impetus to recover,” COL Financial Group, Inc. Chief Technical Analyst Juanis G. Barredo said via text.
“Also we saw US bond yields slip which boosted some confidence — US bond yields are seen as a precursor for interest rate trends and their rise caused the large market hiccup few weeks ago,” Mr. Barredo added.
US bond yields fell on Monday to around 2.859%, as analysts said they expect inflation data to negatively impact fixed-income markets.
The PSEi’s gains follow the general upswing seen in international markets, as the Dow Jones Industrial Average picked up 1.58% to 25,709.27. The S&P 500 index climbed 1.18% to 2,779.60, while the Nasdaq Composite index rose 1.15% to 7,421.47.
“I think we’re just playing catch-up with the rest of the region. Last week, we underperformed regional markets. So this time around, Asia is down, but the PSEi advanced, trying to make up for last week’s performance,” RCBC Securities, Inc. Equity Analyst Jeffrey Lucero said in a separate text message.
Mr. Lucero also noted that BDO Unibank, Inc. accounted for a significant amount of PSEi’s gains, as it reported a 7% profit increase to P28.1 billion on Monday.
BDO was among the top 20 most active stocks for the day, jumping 4.67% to P157. Other stocks that advanced were JG Summit Holdings, Inc., up 5.63% at P75; Alliance Global Group, Inc., up 4.03% at P14.98.
Meanwhile, mining and oil was the one weaker sector, losing 82.64 points or 0.67% to 12,229.39.
The industrial sub-index led the day’s gainers, with an increase of 186.34 points or 1.65% to 11,427.91. Holding firms rose 110.29 points or 1.27% to 8,732.47; financials rose 25.17 points or 1.13% to 2,236.93; services added 14.20 points or 0.81% to 1,751.34; while property rose 19.64 points or 0.51% to 3,813.29.
Volume was 3.55 billion shares, worth P9.25 billion, slightly lower than P9.89 billion on Monday. A total of 119 shares advanced while 94 declined and 43 were unchanged.
Foreign investors were net sellers of P276.98 million worth of shares on Tuesday, narrowing from net sales of P1.53 billion on Monday. — Arra B. Francia
Source: bworldonline.com/psei-rises-1-falls-short-8600-level/
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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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3. The YouTube Channel: https://www.youtube.com/theresponsibletrader – where you can learn the course “Master’s Certificate in Technical Analysis” which was simplified in an easily understood manner. You can download these videos and learn them at your own convenient time. (FREE)
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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.