Top Ten Smart Money Moves – July 19, 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 July 19, 2018 Data)
Total Traded Value – PhP 3.689 Billion – Low
Advances Declines – (Ideal is 2:1) 117 Declines vs. 72 Advances = 1.63:1 Neutral
Total Foreign Buying PhP 1.721 Billion
Total Foreign Selling – (PhP 0.580) Billion – first day of Net Foreign Selling after a day of Net Foreign Buying
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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PSEi falls back below 7,400 amid lack of leads
July 19, 2018 | 9:00 pm
By Arra B. Francia, Reporter
STOCK PRICES slumped below 7,400 on Thursday amid thin trading, as investors stayed on the sidelines due to lack of leads.
The Philippine Stock Exchange index (PSEi) gave up 63.50 points or 0.85% to close at 7,387.87, reversing the preceding session’s gains to a one-month peak, while the broader all-shares index lost 30.07 points or 0.66% to finish at 4,462.44.
“After reaching a one-month high yesterday, the Philippine market succumbed to profit taking today and traded in negative territory for almost the entire session,” RCBC Securities, Inc. said in a note prepared by research analyst John Paolo D. Ayson.
Sought for comment, IB Gimenez Securities, Inc. Research Head Joylin F. Telagen said in a text message: “I’m waiting for market catalyst to bring back the action to at least year-to-date average volume or more. And I don’t expect much market demand until earnings start to trickle in the next few weeks.”
Services were the lone sub-index that stayed afloat, albeit with a mere 0.02% increase or 0.40 of a point to finish at 1,451.16.
The other five sectoral indices declined: holding firms by 1.49% or 109.38 points to 7,197.93; mining and oil by 0.76% or 74.30 points to 9,665.99; property by 0.62% or 22.60 points to 3,622.38; financials by 0.46% or 8.49 points to 1,826.48; and industrials by 0.21% or 22.29 points to 10,528.20.
Some 672.724 million issues worth P3.69 billion changed hands, compared to Wednesday’s 1.24 billion shares worth P4.25 billion.
Stocks that declined outnumbered those that gained 117 to 72, while 46 others were unchanged.
Foreigners reverted to selling mode, ending Thursday with P580.19-million net sales against Wednesday’s net purchases of P203.79 million. Papa Securities Corp. attributed Wednesdays’ net foreign buying to a large block of Xurpas, Inc. shares worth P418 million that were bought by investors offshore. Without this, foreign investors would have posted net sales of P214.3 million that day. “Net foreign selling remains as a looming figure over the PSEi especially with today’s figure. Let’s see if the aforementioned resistance level will still prove to be too tough to overcome in the coming days,” Papa Securities trader Gabriel Jose F. Perez said in an e-mail.
Thirteen of Thursday’s 20 most active stocks declined, including Ayala Corp. (down 2.96% to P950 apiece); Metropolitan Bank & Trust Company (0.36% to P69.50); SM Investments Corp. (1.1% to P900); and GT Capital Holdings, Inc. (4.13% to P929).
The same list showed only five stocks in positive territory including third telco aspirants Transpacific Broadband Group Int’l., Inc., which jumped 5.88% to 54 centavos apiece, and EasyCall Communications Philippines, Inc. that surged 18.61% to P32.50.
Megawide Construction Corp. gained 1.18% to P17.20 after falling by 6.59% on Wednesday.
Source: http://bworldonline.com/psei-falls-back-below-7400-amid-lack-of-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.
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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.