Top Ten Smart Money Moves – July 14, 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 14, 2016 Data)
Total Traded Value – PhP 8.211 Billion – Medium
Market Breadth and Sentiment indicated by Advances Declines Ratio – (Ideal is 2:1 to be considered Bullish or Bearish) 121 Advances vs. 73 Declines = 1.66:1 Neutral
Total Foreign Buying – PhP 4.810 Billion
Total Foreign Selling – (Php 3.495) Billion
Net Foreign Buying (Selling) Php 1.315 Billion – 5th 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 trade higher on England stimulus hopes
Posted on July 15, 2016
STOCKS continued to rise yesterday on positive investor sentiment even with the decline in the services sector, which is seen to bear the brunt of elevated tensions with China due to an international tribunal’s decision backing the Philippines in its territorial claim over the South China Sea.
The bellwether Philippine Stock Exchange index finished Thursday’s trade higher by 0.15% or 12.12 points to 7,956.14. The broader all-shares index rose 0.16% or 7.95 points to 4,811.33.
“A trek ahead of the Bank of England meeting. Analysts are widely expecting the Bank of England to cut interest rates. So that is an added stimulus metric. That’s one of the major stimulus from a central bank since ‘Brexit,’” Ralph Christian G. Bodollo, equity research analyst at RCBC Securities Inc., said in a phone interview.
He noted the decline in the services subindex due to a drop in shares of Bloomberry Resorts Corp., which operates Solaire Resort & Casino, a gaming hotel in Entertainment City reliant on Chinese high-rollers.
The services counter dipped 0.18% or 3.03 points to 1,653.18 to be the lone counter in the red.
“Bloomberry is one of the reasons since there is tension with China and they’re dependent on junk operators,” Mr. Bodollo said.
“I think it’s with The Hague ruling… given that our gaming sector is reliant on Chinese junket operators. Elevated tension may prompt China to restrict travel to the Philippines,” Alexander Adrian O. Tiu, research analyst at AB Capital Securities, Inc., said in a phone interview.
The Permanent Court of Arbitration on Monday ruled in favor of the Philippines’ claims over the disputed waters of the South China Sea, saying the disputed waters are within the exclusive economic zone of the Philippines, as those areas are not overlapped by any possible entitlement of China.
Meanwhile, holding firms posted the biggest gains with an increase of 0.41% or 32.32 points to 7,802.12. Mining and oil followed as it went up 0.22% or 25.34 points to 11,352.11; property rose 0.10% or 3.92 points to 3,623.75; financials gained 0.06% or 1.07 points to 1,792.20; and industrials inched up 0.04% or 5.58 points to 11,923.91.
Advancers beat decliners, 121 to 73, while 48 names ended unchanged.
Foreigners remained buyers on Thursday with their net purchases totalling P1.32 billion, although this was lower than the net P2.46 billion seen on Wednesday.
Value turnover declined to P8.21 billion yesterday from the preceding day’s P11.41 billion as 2.44 billion shares changed hands.
Other Southeast Asian stock markets took a breather on Thursday after three straight sessions of gains, as investors awaited a policy meeting of the Bank of England (BoE).
The BoE is expected to halve its benchmark interest rate to a record low of 0.25% when it makes a monthly policy statement later in the day. — with Reuters
Source: http://www.bworldonline.com/content.php?section=StockMarket&title=stocks-trade-higher-on-england-stimulus-hopes&id=130452
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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
