Top Ten Smart Money Moves – March 28, 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.
Advances Declines – (Ideal is 2:1) 113 Advances vs. 83 Declines = 1.36:1 Neutral
Total Foreign Buying PhP 4.431 Billion
Total Foreign Selling – (PhP 5.549) Billion
Net Foreign Buying (Selling) (PhP 1.118) Billion – 7th 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 fall ahead of Lenten break
March 28, 2018 | 6:01 pm
STOCKS fell on Wednesday as investors stayed on the sidelines ahead of the Lenten break.
The main index lost 0.83% or 67.20 points to close at 7,979.83, slumping back below the 8,000 level after a temporary recovery on Tuesday.
The broader all-shares index also gave up 0.28% or 13.90 points to 4,840.56.
“Today the market went down…on account of slower trading activity. The expected window dressing for this last day of the quarter was offset by investors looking to take profit,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile phone message on Wednesday.
The Philippine Stock Exchange index (PSEi) also tracked global markets, with the Dow Jones Industrial Average dropping 1.42% to 23,857.71 overnight. The S&P 500 index also dipped 1.73% to 2,612.62, while the Nasdaq Composite index plunged 2.93% to 7,008.81.
Taking their cue from Wall Street’s decline, most Asian indices likewise edged lower on Wednesday.
Sectoral indices ended mixed, with four in positive territory and the rest in the red. Industrials recorded a 0.33% increase or 37.88 points to 11,429.65. Financials gained 0.18% or 3.91 points to 2,089.67; services added 0.14% or 2.47 points to 1,671.82; while mining and oil barely moved with a 0.01% uptick or 1.31 points to 10,886.93.
Holding firms shed 1.66% or 133.02 points to 7,839.09, while property tumbled 0.70% or 25.87 points to 3,646.85.
The market saw some 1.71 billion issues changed hands for a value turnover of P7.82 billion, higher than the previous session’s P6.55 billion.
Foreign investors chose to sell their shareholdings, as net foreign outflows rose to P1.12 billion from P712.85 million in the previous session. Advancers beat decliners, 113 to 83, while 54 issues closed flat.
The 20 most actively traded stocks of the day saw 10 decliners, seven advancers, and three that were unchanged. Leading losers was SM Investments Corp. with a 3.27% loss to P917 each, followed by Manila Electric Co. with a 3.05% decline to P318 apiece.
On the other hand, D&L Industries, Inc. gained the most, up 2.12% to P11.56 each, followed by Globe Telecom, Inc. which rose 2.08% to P1,622 each.
“Looking at technical indicators, and assuming no other significant macroeconomic events happen during the holidays, the index might see a continuation of its downtrend. Support levels are maintained at 7,850.00,” Mr. Limlingan said.
COL Financial Group, Inc. also noted that rallies may be temporary, warning investors to be “ready for choppiness as prices make their way closer to short-term resistance.” — Arra B. Francia
Source: http://bworldonline.com/shares-fall-ahead-of-lenten-break/
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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.