Top Ten Smart Money Moves – March 21, 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 21, 2018 Data)
Total Traded Value – PhP 9.517 Billion – Medium
Advances Declines – (Ideal is 2:1) 139 Declines vs. 85 Advances = 1.64:1 Neutral
Total Foreign Buying PhP 4.365 Billion
Total Foreign Selling – (PhP 5.873) Billion
Net Foreign Buying (Selling) (PhP 1.508) Billion – 2nd 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:
==================================================
PSE index drops below 8,000 ahead of BSP meet
March 21, 2018 | 7:04 pm
SANTIAGO JOSE ARNAIZ
LOCAL EQUITIES edged lower on Wednesday, as foreign investors sold index heavyweights ahead of the local central bank’s policy meeting on Thursday.
The 30-company Philippine Stock Exchange index (PSEi) dropped 1.86% or 150.53 points to close at 7,909.07, its lowest since the market closed at 7,906.60 last Aug. 1, 2017. The broader all-shares index also shed 1.22% or 59.43 points to 4,789.06.
“Today, net foreign selling was around P1.5 billion, and foreigners are selling the index heavyweights — Ayala Land, Inc., Ayala Corp. (AC), SM Investments Corp., BDO Unibank [Inc.], and BPI (Bank of the Philippine Islands). Foreigners are likely taking bets off the table ahead the BSP’s meeting,” RCBC Securities, Inc. equity analyst Jeffrey Lucero said via text on Wednesday.
Investors continued to sell shares in AC after Mitsubishi Corp. unloaded 8.5 million shares in the company on Tuesday. Shares in the conglomerate dipped 2.24% to P916 each on Wednesday.
The Bangko Sentral ng Pilipinas (BSP) will review its policy settings today, where analysts expect interest rates to be unchanged.
“As above-trend growth leads to a continued tightening in capacity utilization and inflation clears the upper end of the BSP’s inflation target band, our expectation is that the BSP will normalize policy by hiking policy rates, beginning May or June 2018,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said.
International markets defied the PSEi’s performance, as Wall Street recovered on Tuesday. The Dow Jones Industrial Average picked up 0.47% or 116.36 points to 24,727.27; the S&P 500 gained 0.15% or 4.02 points to 2,716.94; while the Nasdaq Composite index rose 0.27% or 20.06 points to 7,364.40.
The increase came amid the US Federal Reserve Open Market Committee (FOMC)’s two-day policy meeting, where the body is expected to hike rates for the first time in 2017.
Asian indices had mixed results on Wednesday, as investors are uncertain of what to expect from the FOMC policy meet.
Four sectoral indices were in negative territory, led by property which declined 2.32% or 84.51 points to 3,550.99. Holding firms declined 2.26% or 182.17 points to 7,858.18; financials ended 1.96% or 41.48 points lower to 2,069.38; while industrials dipped 0.43% or 48.57 points to 11,226.78.
On the other hand, mining and oil gained 1.8% or 189.59 points to 10,691.20, while services had a minimal increase of 0.01% or 0.32 point to 1,672.20.
Some 2.07 billion issues switched hands resulting in a value turnover of P9.52 billion, lower than Tuesday’s P18.54-billion turnover. Decliners outpaced advancers, 139 to 85, while 41 issues remained unchanged. Net foreign selling persisted, although declining to P1.51 billion from Tuesday’s P3.84-billion outflow.
Mr. Limlingan said that trading is likely to be muted for the rest of the week, with a resistance of up 8,200. — Arra B. Francia
Source: http://bworldonline.com/pse-index-drops-below-8000-ahead-of-bsp-meet/
=====================================================
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.
The book can also be ordered online through our publisher, Central Book Supply. Just go to: http://central.com.ph/bookstoreplus then click Search – The Responsible Trader.
2. The Website: :http://www.theresponsibletrader.com where we publish our daily newsletter Top Ten Smart Money Moves, Stock Trading Lessons, and Inspirational Materials. (FREE)
3. The YouTube Channel: https://www.youtube.com/theresponsibletrader – where you can learn the course “Master’s Certificate in Technical Analysis” which was simplified in an easily understood manner. You can download these videos and learn them at your own convenient time. (FREE)
4. My Slideshare: http://www.slideshare.net/TheResponsibleTrader – where you can view and download copy of the Powerpoint Presentation of my TRT-POV (The Responsible Trader’s Point of View) of the videos posted in our Youtube Channel. (FREE)
===================================================
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.