Top Ten Smart Money Moves – May 8, 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 8, 2018 Data)
Total Traded Value – PhP 7.233 Billion – Low
Advances Declines – (Ideal is 2:1) 98 Advances vs. 96 Declines = 1.02:1 Neutral
Total Foreign Buying PhP 4.035 Billion
Total Foreign Selling – (PhP 4.261) Billion
Net Foreign Buying (Selling) (PhP 0.226) Billion – 2nd 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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Shares rebound on SM Prime, Ayala Land results
May 8, 2018 | 9:00 pm
LOCAL SHARES bounced back on Tuesday as index heavyweights reported positive performances for the first quarter, prompting investors to go bargain hunting.
The bellwether Philippine Stock Exchange index (PSEi) climbed 0.58% or 44.29 points to close at 7,577.57 yesterday. The broader all-shares index likewise rose 0.60% or 27.72 points to 4,629.33.
“SM Prime Holdings, Inc. and Ayala Land, Inc. (ALI) reported double-digit [income] growth. These issues manifested a good growth of the consumer as well as property sector, which definitely boosted investor confidence,” Diversified Securities, Inc. equities trader Aniceto K. Pangan said in a phone interview.
SM Prime on Monday said its net income grew by 15% to P7.6 billion, driven by its provincial mall expansion.
Shares in the company were among the most actively traded yesterday, jumping 4.79% to P33.90 each.
On the other hand, ALI’s earnings grew 17% to P6.52 billion as it benefited from higher residential sales alongside commercial leasing revenues. ALI’s share price likewise gained 0.25% to close at P40.10 each yesterday.
“Plus most regional markets were up which carried on the investors to bargain hunt on a number of issues helping the market to move up, rebound on today’s trading,” Mr. Pangan said on Tuesday.
Most Asian indices ended in positive territory yesterday, tracking the gains posted in US markets.
Overnight, the Dow Jones Industrial Average went up 0.39% or 94.81 points to 24,357.32. The S&P 500 index rose 0.35% or 9.21 points to 2,672.63, while the Nasdaq Composite index firmed up 0.77% or 55.60 points to 7,265.21.
Back home, the financials sector was the lone sub-index that declined, losing 0.59% or 11.21 points to 1,886.54.
Property surged 2.05% or 72.23 points to 3,582.03. Mining and oil went up 0.68% or 68.55 points to 10,082.93; services gained 0.56% or 8.49 points to 1,524.94; industrials added 0.50% or 54.99 points to 11,054.47; while holding firms closed 0.44% or 33.47 points higher to 7,610.70.
Advancers narrowly outpaced decliners, 98 to 96, while 48 names closed unchanged.
Some 793.39 million issues were traded, resulting in a value turnover of P7.23 billion, higher compared to the P5.90 billion seen on Monday.
Net foreign outflows slimmed to P225.77 million, versus the P462.74-million net sales recorded in the previous session.
Investors are also awaiting the results of the Bangko Sentral ng Pilipinas’ meeting on Thursday, where the body will decide on whether to hike or maintain current monetary policy settings.
“Right now [the market is] just nearly recovering. But we still have to see. Foreign selling will indicate that market has stabilized and maybe start to recover from that point,” Mr. Pangan said. — Arra B. Francia
Source: http://bworldonline.com/shares-rebound-on-sm-prime-ayala-land-results/
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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.