Top Ten Smart Money Moves – May 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.
Trading Notes for Today – (Based on May 28, 2018 Data)
Total Traded Value – PhP 5.386 Billion – Low
Advances Declines – (Ideal is 2:1) 129 Declines vs. 74 Advances = 1.74:1 Neutral
Total Foreign Buying PhP 2.043Billion
Total Foreign Selling – (PhP 2.465) Billion
Net Foreign Buying (Selling) (PhP 0.422) Billion – 9th day of Net Foreign Selling after 2 days of Net Foreign Buying
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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Stocks end flat on lack of leads, US-North Korea
May 28, 2018 | 9:00 pm
THE MAIN INDEX closed flat on Monday due to a lack of leads, alongside muted trading overseas.
The 30-member Philippine Stock Exchange index (PSEi)went down 0.06% or 4.61 points to close at 7,642.90 Monday, May 28.
The broader all-shares index also dropped 0.14% or 6.56 points to 4,648.11.
“Philippine markets closed slightly in the red with lack of activity from the US counterparts, which are still enjoying the long weekend and developments regarding the US and North Korea kept investors on the sidelines,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
US officials went to North Korea over the weekend to prepare for the summit between US President Donald J. Trump and North Korean leader Kim Jong Un. The meeting scheduled for June 12 aims to produce a framework for a nuclear agreement between the two countries.
Last Friday, the Dow Jones Industrial Average gave up 0.24% or 58.67 points to 24,753.09, while the S&P 500 index was also down by 0.24% or 6.43 points to 2,721.33. The Nasdaq Composite index on the other hand climbed 0.13% or 9.43 points to 7,433.85.
Most Asian markets ended mixed on Monday, affected by the slump in oil prices and renewed optimism in the Korean peninsula.
Back home, sectoral indices were split between gainers and losers. Services lost 1.94% or 29.33 points to 1,482.83, while industrials went down 0.23% or 25.37 points to 10,948.99. Property also gave up 0.13% or 5.19 points to 3,815.27.
Financials advanced 0.79% or 14.92 points to 1,897.43. Mining and oil gained 0.39% or 38.16 points to 9,782.31, while holding firms rose 0.04% or 3.63 points to 7,509.79.
Some 501.90 million issues switched hands, resulting in a value turnover of P5.39 billion, higher than Friday’s P5.10 billion.
Decliners prevailed for the day at 129, while 74 issues gained and 38 remained unchanged.
Net foreign selling stood at P421.90 million on Monday, higher than the P267.81 million recorded last Friday.
Regina Capital’s Mr. Limlingan said investors will be looking at the release of the US Federal Open Market Committee’s Beige Book from its June meeting on Wednesday. Locally, banking data will be released on Thursday, followed by the Nikkei Purchasing Managers’ Index on Friday.
Twelve of the 20 most actively traded stocks of the day were losers, led by PLDT, Inc. which dropped 6.16% to P1,295 each. Bloomberry Resorts Corp. followed with a 4.24% decline to P11.30 apiece.
Third telco aspirant Now Corp. was the among the day’s top gainers, climbing 8.38% to P11.64 each. Robinsons Retail Holdings, Inc. also gained 2.81% to P89.60 each.
Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Arra B. Francia
Source: http://bworldonline.com/stocks-end-flat-on-lack-of-leads-us-north-korea/
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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.