Top Ten Smart Money Moves – March 14, 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 14, 2018 Data)
Total Traded Value – PhP 7.479 Billion – Low
Advances Declines – (Ideal is 2:1) 122 Declines vs. 99 Advances = 1.23:1 Neutral
Total Foreign Buying PhP 2.391 Billion
Total Foreign Selling – (PhP 3.819) Billion
Net Foreign Buying (Selling) – (PhP 1.428 Billion) – 17th 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 decline to track Wall Street on Tillerson
March 14, 2018 | 8:05 pm
SHARES fell on Wednesday as the lack of catalysts in the local front, alongside tensions in the United States’ political scene, continued to put pressure on regional markets.
The 30-member Philippine Stock Exchange (PSEi) index gave up 0.84% or 70.83 points to close at 8,348.74, while the broader all-shares index also dropped 0.61% or 31.31 points to 5,035.85.
“There’s still a lack of fresh leads and the political turmoil in the US is not helping matters in the region’s market including ours. The prospect of the US imposing hefty tariffs on imports from China is also causing concerns that other countries’ exports to the US may be affected,” PNB Securities, Inc. President Manuel Antonio G. Lisbona said via text.
US President Donald J. Trump caused jitters abroad after firing Secretary of State Rex W. Tillerson, which analysts see as a move that will transform the country’s economic and foreign policy.
The Dow Jones Industrial Average fell 0.68%; the S&P 500 lost 0.64%; and the Nasdaq Composite dropped 1.02% on Tuesday.
Back home, four sectoral indices moved to negative territory, with services suffering the largest decline at 1,733.27, lower by 1.73% or 30.66 points. Holding firms followed with a drop of 0.92% or 78.15 points to 8,360.37; financials edged 0.84% or 18.44 points lower to 2,170.76; while property declined 0.53% or 20.13 points to 3,759.91.
On the other hand, the mining and oil sector gained 0.80% or 91.09 points to close at 11,395.77, while industrials added 0.05% or 6.71 points to 11,590.59.
China Bank Securities, Corp. Research Director Garie G. Ouano, meanwhile, noted the sell-off in stocks of JG Summit Holdings, Inc. (JGS), which dropped 4.48% to P64 each.
“JGS was the top driver of the sell-off, likely due to the FTSE (Financial Times Stock Exchange) rebalancing to be implemented this Friday where JGS will be removed from the index,” Mr. Ouano said in a separate text message.
The Gokongwei-led firm along with Lopez Holdings Corp. will be removed from FTSE’s Small Cap and All Cap indices.
A total of 6.59 billion issues valued at P7.48 billion switched hands, higher than the P6.56-billion value turnover on Tuesday.
Decliners trumped advancers, 122 to 99, while 40 names remained unchanged.
Foreign investors maintained their selling position, with net foreign outflows swelling to P1.43 billion on Wednesday against net sales of P480.83 million in the previous session.
“For now, support remains at 8,300. If this is pierced, the next support level can be found at 8,150,” PNB Securities’ Mr. Lisbona said.
Most Southeast Asian stock markets slipped on Wednesday as the sacking of Mr. Tillerson and increased fears of a global trade war rattled investors.
Asia-Pacific shares outside Japan stumbled 0.70%, retreating from a 1-1/2 month high the index hit on Tuesday. — Arra B. Francia with Reuters
Source: http://bworldonline.com/stocks-decline-track-wall-street-tillerson/
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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.