Top Ten Smart Money Moves – June 13, 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 June 13, 2018 Data)
Total Traded Value – PhP 7.165 Billion – Low
Advances Declines – (Ideal is 2:1) 127 Declines vs. 66 Advances = 1.92:1 Neutral
Total Foreign Buying PhP 3.365 Billion
Total Foreign Selling – (PhP 4.879) Billion
Net Foreign Buying (Selling) (PhP 1.514) Billion – 20th day of Net Foreign Selling after 2 days 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 plunge ahead of central bank meetings
June 13, 2018 | 9:00 pm
By Arra B. Francia, Reporter
SHARES fell on Wednesday as investors remained on the sidelines ahead of various central bank meetings overseas and the peso’s decline to a new 12-year low.
The 30-member Philippine Stock Exchange index (PSEi) gave up 2.16% or 168.32 points to 7,602.98, declining steeply compared to overseas counterparts. The all-shares index also went down 1.59% or 75.19 points to 4,629.35.
“I think it’s risk-off sentiment ahead of major central banks’ meetings, Fed (US Federal Reserve), ECB (European Central Bank), and BoJ (Bank of Japan), and expected non-trading day on Friday,” IB Gimenez Securities, Inc. Research Head Joylin F. Telagen said via text.
The US Federal Open Market Committee (FOMC) is holding a two-day policy meeting. The ECB will meet on June 14, while the BoJ is also set to review policy from June 14 to 15.
Timson Securities, Inc. Trader and Marketing Head Mark Levinson R. Koa also noted that the market dropped due to fears of another rate hike by the FOMC, noting the larger net outflows seen Wednesday, June 13.
The market recorded its 20th day of net foreign selling on Wednesday, with net outflows swelling to P1.51 billion, much higher than the P282.33 million seen last Monday.
“The weakness of the Philippine peso (now trading at its lowest levels in more than 10 years) is also to blame as foreigners are seen to dispose more Philippine assets due to the local currency’s decline to avoid forex losses,” Mr. Koa said in a separate message.
The peso weakened to a fresh 12-year low of P53.23 versus the dollar on Wednesday.
Meanwhile, Wall Street ended mixed overnight, with the Dow Jones Industrial Average flat with a loss of 1.58 points or 0.01% to 25,320.73. The S&P 500 index went up 0.17% or 4.85 points to 2,786.85, while the Nasdaq Composite index added 0.57% or 43.87 points to 7,703.79.
Most Asian markets also logged lower finishes on Wednesday, as investors prepared for the results of a series of meetings of the United States Federal Reserve. MSCI’s broadest index of Asia-Pacific shares excluding Japan dropped 0.50%.
Back home, all sectoral indices bled Wednesday, June 13, with holding firms leading the decline with a drop of 3.27% or 253.91 points to 7,506.32. Mining and oil shed 1.65% or 171.13 points to 10,150.38, followed by property which fell 1.52% or 57.47 points to 3,711.64.
Industrials went down 1.41% or 153.94 points to 10,755.96; financials slumped 1.04% or 20.07 points to 1,903.66; and services dipped 0.78% or 11.81 points to 1,494.97.
Some 814.89 million issues switched hands, resulting in a value turnover of P7.17 billion. This marks a recovery from the P4-billion turnover seen last Monday, before the market took a break for the Independence Day holiday.
Decliners prevailed for the day at 127 issues versus 66 names that advanced and the 47 that remained flat.
Source: http://bworldonline.com/shares-plunge-ahead-of-central-bank-meetings/
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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.
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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.