Top Ten Smart Money Moves – May 7, 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 7, 2018 Data)
Total Traded Value – PhP 5.896 Billion – Low
Advances Declines – (Ideal is 2:1) 92 Declines vs. 89 Advances = 1.03:1 Neutral
Total Foreign Buying PhP 1.836 Billion
Total Foreign Selling – (PhP 2.298) Billion
Net Foreign Buying (Selling) (PhP 0.462) Billion – first day of Net Foreign Selling after a day 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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PSEi drops ahead of GDP data, BSP policy review
May 7, 2018 | 6:03 pm
THE MAIN INDEX opened the week on a negative note as investors were on a wait-and-see mode ahead of the release of first-quarter economic growth data.
The 30-member Philippine Stock Exchange index (PSEi)went down 0.17% or 12.91 points to close at 7,533.28 Monday, May 7, immediately erasing its last-minute gain last Friday.
The broader all-shares index also edged down by 0.08% or 3.69 points to 4,601.61.
“The market slid by 12 points today on low volume trading… Investors are obviously on a cautious mode now especially with the absence of any positive catalysts in the market,” Timson Securities, Inc. Trader and Marketing Head Mark Levinson Koa said in a text message on Monday.
IB Gimenez Securities, Inc. Research Head Joylin F. Telagen noted that the market is waiting for the release of first-quarter gross domestic product (GDP) growth figures, as well as the results of the Bangko Sentral ng Pilipinas (BSP) meeting later this week.
“I don’t expect much movement until the important data are released on Thursday, the first- quarter GDP and BSP meeting. This will determine market direction over the next few weeks,” Ms. Telagen said via text.
The Philippine Statistics Authority will be releasing first- quarter GDP data on Thursday.
Meanwhile, a BusinessWorld poll of 11 analysts last week showed nine expecting the BSP to hike interest rates at its policy review, after inflation picked up to a five-year high in April.
The central bank last raised key policy rates in September 2014, when inflation was trending above the 3-5% target that year. Benchmark rates currently range from 2.5-3.5% following some procedural adjustments introduced in June 2016.
“However, the month of May is also tagged as ‘sell on May and go away.’ So for me, personally, I’m just on watch mode and will enter the market when the right time comes,” Ms. Telagen added.
Four sectoral indices ended in the red on Monday, with the mining and oil sector plunging 2.88% or 297.01 points to 10,014.38, weighed down by a 5.15% drop in Semirara Mining and Power Corp. to P27.65 each on Monday after it announced the shutdown of one of its Calaca plants for another 90 days.
Financials declined 0.47% or 9.12 points to 1,897.75; property went down 0.30% or 10.59 points to 3,509.80; while holding firms shed 0.19% or 14.92 points to 7,577.23.
On the other hand, industrials added 0.47% or 51.48 points to 10,999.48, while services increased 0.35% or 5.30 points to 1,516.45.
Some 1.1 billion issues switched hands, resulting in a value turnover of P5.9 billion, down from Friday’s turnover of P6.25 billion.
Decliners narrowly outpaced advancers, 92 to 89, while 46 names were unchanged.
Foreign investors turned sellers, amounting to net sales of P462.74 million against net inflows of P532.12 million in the previous session. — Arra B. Francia
Source: http://bworldonline.com/psei-drops-ahead-of-gdp-data-bsp-policy-review/
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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.
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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.