Top Ten Smart Money Moves – March 27, 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 27, 2018 Data)
Total Traded Value – PhP 6.551 Billion – Low
Advances Declines – (Ideal is 2:1) 148 Advances vs. 64 Declines = 2.32:1 Bullish
Total Foreign Buying PhP 2.842 Billion
Total Foreign Selling – (PhP 3.555) Billion
Net Foreign Buying (Selling) (PhP 0.713) Billion – 6th 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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PSE index rebounds as investors pick up bargains
March 27, 2018 | 7:46 pm
SHARES bounced back past the 8,000 level on Tuesday, with investors going bargain hunting after the main index dipped below record territory in previous weeks.
The 30-member Philippine Stock Exchange index (PSEi) recovered from a two-day slump today, gaining 1.44% or 114.65 points to close at 8,047.03.
The all-shares index also climbed 1.2% or 57.79 points to finish at 4,854.46.
“Valuations were likely the main driver of today’s rally since the index is already trading at historic lows in terms of P/E (price/earnings ratio). Technical indicators also point to the index being oversold,” China Bank Securities, Corp. Research Director Garie G. Ouano said in a text message on Tuesday.
Regina Capital Development Corp. Managing Director Luis A. Limlingan also attributed the market’s increase to the performance of global equities on Monday.
“Philippine markets got a boost from US markets making a huge comeback to help it with an early window dressing,” Mr. Limlingan said in a mobile phone message.
Overnight, the Dow Jones Industrial Average jumped 2.84% or 669.40 points to 24,202.60, while the S&P 500 index rallied 2.72% or 70.29 points to 2,658.55. The Nasdaq Composite index, meanwhile, closed 3.26% or 227.88 points higher to 7,220.54.
Fears of a looming trade war between the US and China also started to ease after the Chinese government said it is open to negotiate with the former. The Chinese government said on Monday that it will maintain trade negotiations and ease access to American businesses.
Most Asian indices also ended in positive territory, lifted by the performance of other global markets.
Back home, financials led the day’s gainers, jumping 2.21% or 45.12 points to 2,085.76. Property followed with a 1.98% or 71.47-point uptick to 3,672.72.
Services added 0.92% or 15.36 points to 1,669.35; industrials increased 0.91% or 103.50 points to 11,391.77; holding firms rose 0.81% or 64.51 points to 7,972.11; while mining and oil gained 0.79% or 85.73 points to 10,885.62.
Advancers outpaced decliners, 148 to 64, while 33 issues remained unchanged.
Some 2.92 billion issues switched hands, resulting in a value turnover of P6.55 billion, inching up from Monday’s P6.34-billion turnover.
Foreign investors booked net sales of P712.85 million on Tuesday, slightly higher than the previous session’s net outflow of P708.18 million.
Ayala Land, Inc. was the day’s most actively traded stock, jumping 2.49% to P41.10 each. Metropolitan Bank & Trust Co. gained 3.37% to P85.80, while SM Prime Holdings, Inc. increased 1.92% to P34.50 each.
The local market will suspend its operations on Thursday and Friday in line with the Lenten break. — A.B. Francia
Source: http://bworldonline.com/pse-index-rebounds-as-investors-pick-up-bargains/
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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.