Top Ten Smart Money Moves – March 12, 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 March 12, 2018 Data)
Total Traded Value – PhP 7.199 Billion – Low
Advances Declines – (Ideal is 2:1) 109 Declines vs. 106 Advances = 1.03:1 Neutral
Total Foreign Buying PhP 2.407 Billion
Total Foreign Selling – (PhP 3.139) Billion
Net Foreign Buying (Selling) – (PhP 0.732 Billion) – 15th day of Net Foreign Selling after a day of Net Foreign Buying
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
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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Stocks rebound as interest rate hike fears ease
March 12, 2018 | 7:08 pm
By Arra B. Francia, Reporter
LOCAL EQUITIES bounced back on Monday, tracking positive developments in global markets as fears over interest rate hikes eased.
The bellwether Philippine Stock Exchange index (PSEi) climbed 0.96% or 80.99 points to close at 8,453.50 today, back in the green after two days of losses last week. The all-shares index was likewise up by 0.61% or 31.19 points to close at 5,083.98.
“Today’s PSEi rebound is more of tracking the rise of regional and overseas markets that were buoyed by the possible easing of interest rates pressures in the US. Some bargain hunting is also a factor given the overall market decline last week that have brought relative valuations down,” PCCI Securities Brokers Corp. Research Head Joseph James F. Lago said in an e-mail on Monday.
The Dow Jones Industrial Average jumped 1.77% or 440.53 points to 25,335.74 last Friday. The S&P 500 index also added 1.74% or 47.60 points to 2,786.57, while the Nasdaq Composite index gained 1.79% or 132.87 points to 7,560.81.
Papa Securities Corp. Trader Gabriel F. Perez also attributed the market’s increase to the strength of US markets, which also prompted markets in the Asia-Pacific region to rally.
Majority of local sectoral indices were in positive territory on Monday, with financials leading the charge with a 1.5% increase or 32.76 points to 2,213.51. Property followed with a 1.17% or 44.26-point climb to 3,818.33; services increased 0.67% or 11.81 points to 1,767.17; industrials rose 0.66% or 76.71 points to 11,549.73; while holding firms added 0.58% or 49.18 points to 8,426.02.
Mining and oil was the lone sub-index that declined, dropping 0.66% or 76.27 points to close at 11,445.18.
A total of 8.62 billion issues valued at P7.20 billion switched hands, higher than Friday’s value turnover of P6.58 billion.
Decliners narrowly beat advancers, 109 to 106, while 44 issues remained unchanged.
Foreigners continued their selling streak on Monday, as net foreign outflows rose to P731.71 million from the net sales of P573.73 million logged last Friday.
First Gen Corp was among the most actively traded stock on Monday, after disclosing that its San Gabriel Plant is now contracted with the Manila Electric Co. Papa Securities’ Mr. Perez noted the stock had the highest net foreign buying at P30.8 million.
Sought for an outlook, PCCI Securities’ Mr. Lago said the market may continue trading up, but may still be affected by the faster February inflation print of 4.5%, based on 2006 prices.
“The PSEi will certainly attempt to move back above the 8,500 level but it might be dependent on how investors will come to grips with local inflation that came in higher than expected for the first 2 months of the year,” Mr. Lago said.
Source: http://bworldonline.com/stocks-rebound-interest-rate-hike-fears-ease/
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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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The book continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:
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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.