Top Ten Smart Money Moves – July 3, 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 3, 2018 Data)
Total Traded Value – PhP 4.782 Billion – Low
Advances Declines – (Ideal is 2:1) 97 Declines vs. 88 Advances = 1.10:1 Neutral
Total Foreign Buying PhP 2.671 Billion
Total Foreign Selling – (PhP 3.096) Billion
Net Foreign Buying (Selling) (PhP 0.425) Billion – 2nd 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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Shares climb in thin trade ahead of inflation data
July 3, 2018 | 9:00 pm
By Arra B. Francia, Reporter
SHARES firmed up on Tuesday amid thin trading as investors stayed on the sidelines ahead of the release of June inflation data.
The benchmark Philippine Stock Exchange index climbed 0.54% or 39.38 points to 7,267.34, marking the third consecutive day of gains for the market.
The broader all-shares index also rose 0.26% or 11.68 points to 4,409.83.
“Philippine markets continued to remain positive in July albeit the weaker trading volumes as US indices also kicked off the beginning of the third quarter on a positive note,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
Markets overseas finished relatively flat on Monday, with the Dow Jones Industrial Average adding 0.15% or 35.77 points to 24,307.18. The S&P 500 index went up 0.31% or 8.34 points to 2,726.71, while the Nasdaq Composite index edged higher by 0.76% or 57.38 points to 7,567.69.
Asian indices closed mixed as China’s trade relations with the United States continued to weigh down investor sentiment.
Back home, four sectoral indices moved to positive territory, led by holding firms which jumped 0.92% or 65.43 points to 7,181.17. Industrials followed with an increase of 0.59% or 61.56 points to 10,447.47, while financials climbed 0.34% or 6.09 points to 1,787.61. Property added 0.31% or 11.10 points to 3,563.
On the other hand, services lost 0.54% or 7.57 points to 1,391.44, while mining and oil gave up 0.37% or 36.60 points to 9,711.80.
The market saw some 539.76 million issues valued at P4.78 billion switch hands, almost flat from the previous session’s turnover of P4.8 billion.
“The low value turnover and relatively quiet moves by the index may be representative of the hesitation investors are feeling in anticipation of June’s inflation figure to be released this Thursday, June 5,” Papa Securities Corp. trader Gabriel Jose F. Perez said in an e-mail.
The Philippine Statistics Authority is scheduled to release inflation figures for June on July 5, with the Bangko Sentral ng Pilipinas projecting it to stay between a range of 4.3% to 5.1%.
“Locally, investors are watching out for the latest inflation which comes out Thursday, and will remain on the sidelines as the US closes after tonight for its Independence Day celebration,” Regina Capital’s Mr. Limlingan said. The US celebrates its Independence Day every July 4.
Decliners outpaced advancers, 97 to 88, while 50 names remained unchanged.
Net foreign outflows slimmed to P424.86 million, slightly lower than Monday’s net sales of P457.75 million.
The most heavily traded stocks for the day included Universal Robina Corp., which rallied 2.3% to P124.80 each, Ayala Land, Inc. with flat shares at P38 each, and SM Investments Corp. that jumped 1.67% to P915 each.
Source: http://bworldonline.com/shares-climb-in-thin-trade-ahead-of-inflation-data/
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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.