Top Ten Smart Money Moves – June 6, 2018

Smart Money Moves_Final

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 6, 2018 Data)

Total Traded Value – PhP 5.936 Billion – Low
Advances Declines – (Ideal is 2:1) 108 Advances vs. 97 Declines = 1.11:1 Neutral
Total Foreign Buying  PhP 2.923 Billion
Total Foreign Selling – (PhP 2.937) Billion
Net Foreign Buying (Selling)  (PhP 0.014)  Billion – 16th day of Net Foreign Selling after 2 days of Net Foreign Buying

 

Data from the Philippine Stock Exchange

PSE _20180606

Screenshot courtesy of PSE.com.ph

PSE HEAT MAP

PSE Heat Map_20180606

Screenshot courtesy of PSEGET

Top Ten Foreign Buying and Selling

FBS_20180606

Top Ten in Total Traded Value

TTV_20180606

Top Ten Gainers and Losers

TTGL _20180606

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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Local stocks end flat amid muted trading overseas

June 6, 2018 | 9:00 pm

SHARES barely moved on Wednesday, tracking muted trading overseas but remaining on the upside following slower inflation data for May.
The benchmark Philippine Stock Exchange index (PSEi) eked out gains of 0.04% or 3.38 points to finish at 7,689.14, staying mostly flat within the entire session. The broader all-shares index also picked up 0.10% or 4.99 points to 4,669.28.

“The Philippines traded quietly, slightly above on a more optimistic note,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.

Inflation stood at 4.6% in May, outpacing April’s 4.5% to record another five-year high. However, this is slower than the 4.9% estimate by the Department of Finance, and sat at the lower end of the Bangko Sentral ng Pilipinas (BSP)’s own estimate of 4.6% to 5.4%.

“While the sequential pace of price increases moderated due to an easing in food prices, headline inflation remains meaningfully above the upper end of the BSP’s inflation target. This was also taken as positive today as signs of normalizing continued,” Mr. Limlingan said.

Trading was also muted overseas due to lack of fresh leads. The Dow Jones Industrial Average went down 0.06% or 13.71 points to 24,799.98. The S&P 500 index added 0.07% or 1.93 points to 2,748.90, while the Nasdaq Composite index gained 0.41% or 31.40 points to 7,637.86.

Most Asian markets closed higher on Wednesday ahead of G7 meeting in Canada, which involves the leaders of the United States, Italy, France, Germany, the United Kingdom, and Japan. Anticipation for the meeting further overshadowed lingering concerns on the trade war between the US and China.

Back home, four sectoral indices stayed in positive territory, while two ended with losses.

The property counter climbed 0.46% or 17.65 points to 3,819.67, followed by financials that rose 0.37% or 6.99 points to 1,894.76. Industrials added 0.25% or 26.97 points to 10,783.23, while services went up 0.21% or 3.19 points to 1,505.81.

Meanwhile, holding firms shed 0.32% or 24.90 points to 7,626.05, while mining and oil lost 0.06% or 6.78 points to 10,145.75.
Some 1.51 billion issues switched hands for a value turnover of P5.94 billion, slightly higher than the P5.41-billion turnover seen on Tuesday.

Advancers outpaced decliners, 108 to 97, while 43 issues remained unchanged.

Net foreign selling thinned to P14.08 million Wednesday, June 6, from the P673.32 million in net sales recorded in the previous session. This marks the 16th straight day of net foreign outflows for the local index.

Shares in Ayala Land, Inc. were the most actively traded for the day, inching up 1.49% to P40.90 each. Metropolitan Bank & Trust Co. followed with a 0.06% climb to P80.05 each, while SM Prime Holdings, Inc. trailed with a 0.13% increase to P38.05 apiece. — Arra B. Francia

Source: http://bworldonline.com/local-stocks-end-flat-amid-muted-trading-overseas/
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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.

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