Top Ten Smart Money Moves – March 20, 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 20, 2018 Data)
Total Traded Value – PhP 18.541 Billion – High
Advances Declines – (Ideal is 2:1) 176 Declines vs. 53 Advances = 3.32:1 Bearish
Total Foreign Buying PhP 9.602 Billion
Total Foreign Selling – (PhP 13.437) Billion
Net Foreign Buying (Selling) (PhP 3.835) Billion – first 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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Shares sink to 8,000 level as markets await Fed
March 20, 2018 | 6:52 pm
By Arra B. Francia, Reporter
STOCKS bled on Tuesday, pulled down by fears of a rate hike by the United States Federal Reserve as well as Mitsubishi Corp.’s sale of a significant stake in Ayala Corp. (AC).
The main index fell back to the 8,000 level after losing 2.13% or 175.94 points today, March 20, closing at 8,059.60. The bloodbath saw the index hit an intraday low of 8,015.49.
The broader all-shares index also gave up 2.02% or 100.31 points to 4,848.49.
This officially places the index at a correction, as it has now fallen 12% from its previous high of 9,058.62 last Jan. 29.
“I think the heavy sell-off today was driven by AC (Ayala Corp.) after Mitsubishi sold a significant stake at P934 per share,” IB Gimenez Securities, Inc. Research Head Joylin F. Telagen said in a text message on Tuesday.
Mitsubishi reportedly sold around 6.2 million shares in AC earlier in the day at a 4.6-7.5% discount, equivalent to around a percent of its shareholdings in the conglomerate. AC was the second most actively traded stock for the day, losing 7.23% or P73 to close at P937 each.
Prior to the sale, Mitsubishi owned 10.17% of AC, 48.96% is owned by Mermac, Inc., while the rest are held by the public.
Ms. Telagen also attributed the sell-off to the cautious tone in the market ahead of the US Fed’s policy meeting from March 20-21.
Weakness continued in international markets, as the Dow Jones Industrial Average lost 1.35% or 335.60 points to 24,610.91. The S&P 500 also slipped 1.42% to 2,712.92, while the Nasdaq Composite index was down 1.84% to 7,344.24.
Asian indices ended mixed, tracking the volatility in US markets.
“All eyes are on the results of the US Federal Reserve’s two-day policy meeting. Locally, investors may be waiting for the index to hit its low ahead of the BSP’s (Bangko Sentral ng Pilipinas) monetary policy meeting on March 22. We may see some let up after the BSP sets policy direction,” Papa Securities Corp. trader Gabriel F. Perez said in an e-mail.
All sector indices went down, with services incurring the biggest loss at 2.79% or 47.99 points to 1,671.88. Holding firms dropped 2.04% or 167.71 points to 8,040.35; property shed 1.97% or 73.05 points to 3,635.50; industrials dropped 1.96% or 225.37 points to 11,275.35; financials declined 1.93% or 41.70 points to 2,110.86; while mining and oil closed 1.88% or 201.23 points lower to 10,501.61.
Some 5 billion issues switched hands for a total value turnover of P18.54 billion, significantly higher than Monday’s P8.48 billion.
Decliners prevailed for the day, standing at 176 against 53 that gained, while 37 closed flat.
Foreign investors were back in selling mode, with net outflows ballooning to P3.84 billion against the previous session’s net purchases of P173.73 million.
Source: http://bworldonline.com/shares-sink-to-8000-level-as-markets-await-fed/
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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.