Top Ten Smart Money Moves – July 11, 2016
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 July 11, 2016 Data)
Total Traded Value – PhP 8.138 Billion – Medium
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 131 Advances vs. 73 Declines = 1.79:1 Neutral
Total Foreign Buying – PhP 4.499 Billion
Total Foreign Selling – (Php 3.692) Billion
Net Foreign Buying (Selling) Php 0.807 Billion – 2nd day of Net Foreign Buying after 1 day 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
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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Stocks rally as US jobs data soothe market fears
Posted on July 12, 2016
LOCAL STOCKS, along with other Asian markets, rallied on Monday on the back of the US economy’s continuing recovery following the positive non-farm payrolls data.
The bellwether Philippine Stock Exchange index (PSEi) rose 1.20% or 93.75 points to 7,865.27.
The broader all-shares index also climbed 0.91% or 43.27 points to 4,757.17.
“I guess it’s (the rise) partly due to strong US economy coming from strong non-farm payrolls. Aside from that, it coincided with that Fed wont raise rates this month given that there’s still volatility in Europe coming from ‘Brexit,’” Alexander Adrian O. Tiu, research analyst at AB Capital Securities, Inc., said in a phone interview.
The US economy added 287,000 jobs last month, the highest total in eight months, smashing the consensus forecast of 175,000, the US Labor Department reported last Friday.
All sectors advanced except for mining and oil, which inched down 0.10% or 11.37 points to 11,321.80. The subindex has been depressed for two weeks or since staunch anti-mining advocate Regina Paz L. Lopez was appointed as Environment secretary by President Rodrigo R. Duterte.
“Investors are still worrisome of the four mines that [were] closed. There may still be further policies to stop operation. They are just taking precautions,” Luis A. Limlingan, managing director of Regina Capital Development Corp., said in a phone interview.
AB Capital’s Mr. Tiu added that retreating gold prices may have also affected the counter’s performance.
Property led the charge with an increase of 2.42% or 83 points to 3,501.88. Holding firms rose 1.18% or 90.09 points to 7,717.13; financials went up 0.94% or 16.80 points to 1,781.75; industrials climbed 0.86% or 101.42 points to 11,851.80; and services inched up 0.37% or 6.11 points to 1,653.73.
Advancers beat decliners, 131 to 73, while 43 names ended unchanged.
Foreigners were net buyers, with net purchases amounting to P807.62 million on Monday. However, this was lower than Friday’s P2.2 billion.
Value turnover went down to P8.14 billion yesterday as 1.08 billion shares changed hands, from the previous session’s P11.32 billion.
Southeast Asian stock markets rose on Monday, in line with Asian shares, as upbeat US jobs data mitigated concerns about the health of the world’s largest economy. Indonesian stocks led the gains, climbing to their highest since June 2015.
“A stronger jobs report more or less eschews heightened concerns about the US economy coming to a screeching halt,” said Vishnu Varathan, a senior economist with Mizuho Corporate Bank in Singapore.
The Jakarta Composite Index gained 2.1%, led by telecoms and consumer staples. Thailand and Malaysia gained 0.9% and 0.6%, respectively, while Vietnam remained flat. MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 1.9%. — J.C. Lim with Reuters
Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-rally-as-us-jobs-data-soothe-market-fears&id=130238
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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 P8 Billion b. Medium – Total Traded Value P8 Billion but not more than P15 Billion c. High – Total Traded Value more than P15 Billion
