Top Ten Smart Money Moves – May 29, 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 29, 2018 Data)
Total Traded Value – PhP 6.107 Billion – Low
Advances Declines – (Ideal is 2:1) 101 Declines vs. 89 Advances = 1.13:1 Neutral
Total Foreign Buying PhP 2.176Billion
Total Foreign Selling – (PhP 2.345) Billion
Net Foreign Buying (Selling) (PhP 0.169) Billion – 10th 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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PHL shares extend decline on inflation, weak peso
May 29, 2018 | 9:00 pm
SHARES fell anew as investors remained cautious against inflationary pressures and the weakening peso amid a lack of positive leads.
The benchmark Philippine Stock Exchange index (PSEi) gave up 0.53% or 40.54 points to 7,602.36, marking its third straight day of decline.
The all-shares index likewise lost 0.16% or 7.44 points to 4,640.67 Tuesday, May 29.
“I think lukewarm sentiment continues to be the primary driver so far, based on value turnover being below-average recently. A lack of catalysts to look forward to is leaving key risks such as inflation and the weak peso to remain top-of-mind for most investors,” China Bank Securities Corp. Research Director Garie G. Ouano said via text.
Meanwhile, Regina Capital Development Corp. Managing Director Luis A. Limlingan pointed to the closure of financial markets in the United States as the reason for the PSEi’s lower finish.
“Philippine markets succumbed to profit taking with minimal guidance as the US equities and bonds markets were closed due to Memorial Day. However, as of the end of trading, the US was pointing to a negative close with the futures market down around 80 points at 3:30 p.m.,” Mr. Limlingan said in a mobile message.
Regional indices also closed lower on Tuesday, affected by higher oil prices in the world market.
Back home, most sectoral indices closed in negative territory, led by the holding firms counter, which plunged 1.16% or 87.44 points to 7,422.35. Mining and oil went down 0.53% or 52.57 points to 9,729.74, while industrials likewise shed 0.53% or 58.45 points to 10,890.54. Property also dropped 0.51% or 19.50 points to 3,795.77.
On the other hand, services climbed 0.40% or 6.03 points to 1,488.86, while financials rose 0.08% or 1.63 points to 1,899.06.
Some 1.15 billion issues valued at P6.11 billion switched hands, higher than Monday’s value turnover of P5.39 billion.
Decliners outpaced advancers, 101 to 89, while 54 names were unchanged. Foreign investors were net sellers for the 10th consecutive day, recording net outflows of P169.14 million on Tuesday, slower than the previous session’s P421.90 million.
Villar-led firms Starmalls, Inc. and Golden Bria Holdings, Inc. were among the top gainers for the day, jumping 50% to P14.10 each and 1.96% to P312 each, respectively.
Homegrown food giant Jollibee Foods Corp. (JFC) seemed undeterred by the Department of Labor and Employment’s release of its list of top 20 labor-only contracting companies on Monday. The list revealed JFC had the most number of contractual employees at 14,960 workers. Despite this, shares in JFC gained 0.93% to close at P283 each Tuesday, May 29.
The PSE also announced that financial markets will be closed on June 12, Tuesday, in observance of the Philippines’ Independence Day. — Arra B. Francia
Source: http://bworldonline.com/phl-shares-extend-decline-on-inflation-weak-peso/
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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.