Top Ten Smart Money Moves – May 15, 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 May 15, 2018 Data)
Total Traded Value – PhP 8.663 Billion – Medium
Advances Declines – (Ideal is 2:1) 110 Advances vs. 91 Declines = 1.21:1 Neutral
Total Foreign Buying PhP 5.273 Billion
Total Foreign Selling – (PhP 4.980) Billion
Net Foreign Buying (Selling) PhP 0.293 Billion – 2nd day of Net Foreign Buying after 4 days of Net Foreign Selling
Data from the Philippine Stock Exchange
Screenshot courtesy of 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 up on continued optimism after BSP move
May 15, 2018 | 9:00 pm
STOCKS JUMPED on Tuesday as investors remained optimistic on the rate hike implemented by the central bank last week.
The 30-member Philippine Stock Exchange index (PSEi)climbed 1.72% or 133.86 points to close at 7,885.97.
The broader all-shares index likewise increased 1.29% or 60.99 points to finish at 4,770.14.
“I guess it’s the investors cheering on the rate hike last week that’s keeping our market high… The recent move by the BSP (Bangko Sentral ng Pilipinas, which a lot of people think was long overdue, lured back investors to buy our index stock at low prices,” Timson Securities, Inc. trader Jervin S. de Celis said on Tuesday.
Investors also reacted to the MSCI rebalancing announced overnight, which saw the addition of Ayala-led Integrated Microelectronics, Inc and Lucio C. Tan, Sr.’s MacroAsia Corp. into the MSCI Global Small Cap indices. Lopez Holdings, Inc. has been dropped from the index.
“We had a peaceful election, Sereno issue is over, and our market has really gone down significantly,” Regina Capital Development Corp. President Marita A. Limlingan said via text, citing the conclusion of former Chief Justice Maria Lourdes Sereno’s case after her removal from her post last week.
Four sectoral counters ended in positive territory, while two closed in the red. The property sector soared 4.79% or 177.13 points to close at 3,870.50. This was boosted by the 7.43% increase in shares of SM Prime Holdings, Inc. to P38.30 each.
Holding firms went up 1.35% or 104.72 points to 7,850.22, while services added 0.51% or 7.94 points to 1,553.86. Financials went up 0.50% or 9.81 points to 1,943.47.
Meanwhile, industrials dipped 0.02% or 3.10 points to 11,185.74, while mining and oil also shed 0.02% or 2.83 points to 10,191.34.
Investors started to come back to the market as value turnover reached P8.66 billion after some 995.80 million issues switched hands. This is higher than the average P5.8-billion turnover seen last week.
Advancers outpaced decliners, 110 to 91, while 47 issues were unchanged.
Foreign investors were net buyers for the second consecutive day, although net purchases dipped to P293.36 million from Friday’s P571.15 million.
Analysts had previously noted that foreign investors would have to come back to the market for the index to deliver an ascent in the coming months.
Overseas, markets ended mostly on a positive note. The Dow Jones Industrial Average picked up 0.27% or 68.24 points to 24,899.41. The S&P 500 index added 0.09% or 2.41 points to 2,730.13, while the Nasdaq Composite index went up 0.11% or 8.43 points to 7,411.31.
Asian indices ended lower on Tuesday after hearing soft Chinese economic data. Investors are also waiting for developments on trade talks between the United States and China. — A.B. Francia
Source: http://bworldonline.com/shares-up-on-continued-optimism-after-bsp-move/
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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)
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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.