Top Ten Smart Money Moves – January 28, 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 9.130 Billion – Medium
Advances Declines – (Ideal is 2:1) 108 Declines vs. 102 Advances = 1.06:1 Neutral
Total Foreign Buying PhP 6.234 Billion
Total Foreign Selling – (PhP 3.963) Billion
Net Foreign Buying (Selling) – PhP 2.270 Billion – 8th 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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PHL stocks end flat ahead of US-China trade talks
January 28, 2019 | 9:00 pm
THE MAIN INDEX ended flat at the close of trading on Monday amid global fears over the US-China trade war, but still remained above the 8,000 mark.
The Philippine Stock Exchange index (PSEi) gained a measly 0.72 points or less than a percent at the start of the week to close at 8,053.92 on Monday. The broader all-shares index likewise climbed just 2.76 points or 0.05% to end at 4,856.38.
Regina Capital Development Corp. Managing Director Luis A. Limlingan said the tame activity was influenced by the effect to markets of the reopening of the United States government after a 35-day shutdown and anticipation of earnings reports of big foreign firms this week.
“Philippine investors started the week on a rather neutral note as markets breathed a sigh of relief the US government re-opening, and as the big names abroad gear up for corporate earnings,” Mr. Limlingan said in a mobile message.
The US government ended its partial shutdown on Friday as US President Donald J. Trump approved a three-week bill to fund the government until Feb. 15. This led US markets to rally at the end of last week.
Diversified Securities, Inc. Equities trader Aniceto K. Pangan agreed, saying the ongoing US-China trade war, among other challenges, continued to hound market activity in the Philippines.
“Locally, we continue to maintain high overnight interest rates after an increase of 175 basis points, high inflation rate from the range, awaiting 2019 budget approval while global still on trade war leading to slow growth,” Mr. Pangan said in a text message.
Gabriel Jose F. Perez, sales associate at Papa Securities Corp., noted how the local market was able to rise up to 90 points in the morning for an intraday high of 8,143 but failed to maintain this until the closing bell.
Sectoral indices were divided, with the ones in the green led by services, which rose 30.54 points or 1.93% to 1,611.54. It was followed by financials which increased 16.15 points or 0.88% to 1,840.89; and mining and oil which climbed 63.46 points or 0.75% to 8,519.82.
Ending in the red were the holding firms counter, which shed 53.96 points or 0.68% to 7,873.63; industrials, which was down 45.44 points or 0.38% to 11,733.02; and property which lost 9.02 points or 0.22% to 4,004.18.
Some 1.68 billion shares were traded for a value turnover of P9.13 billion, more than the previous session’s P7.88 billion.
Decliners outnumbered advancers, 108 to 102, while 44 names closed unchanged. Foreign investors were net buyers on Monday with P2.27 billion, higher than Friday’s P1.09 billion.
Diversified Securities’ Mr. Pangan said the global issues affected this turnout.
“Market continued its profit-taking by local investors after a strong start with foreign investors at more than P2.2 billion net foreign buying as challenges continued to hound the global market,” he said. — D.A. Valdez
Source: https://www.bworldonline.com/phl-stocks-end-flat-ahead-of-us-china-trade-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.
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 can also be ordered online through our publisher, Central Book Supply. Just go to: http://central.com.ph/bookstoreplus then click Search – The Responsible Trader.
2. The Website: :http://www.theresponsibletrader.com where we publish our daily newsletter Top Ten Smart Money Moves, Stock Trading Lessons, and Inspirational Materials. (FREE)
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)
4. My Slideshare: http://www.slideshare.net/TheResponsibleTrader – where you can view and download copy of the Powerpoint Presentation of my TRT-POV (The Responsible Trader’s Point of View) of the videos posted in our Youtube Channel. (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.