Top Ten Smart Money Moves – November 12, 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.
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Trading Notes for Today – (Based on November 12, 2018 Data)
Total Traded Value – PhP 6.639 Billion – Low
Advances Declines – (Ideal is 2:1) 127 Declines vs. 68 Advances = 1.87:1 Neutral
Total Foreign Buying PhP 3.225 Billion
Total Foreign Selling – (PhP 3.834) Billion
Net Foreign Buying (Selling) – PhP 0.609 Billion – 3rd day of Net Foreign Selling after 1 day 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 decline on foreign selling after GDP data
November 12, 2018 | 9:00 pm
SHARES opened the week on a negative note as investors continued to sell their holdings following a weaker-than-expected third-quarter gross domestic product (GDP) growth print.
The bellwether Philippine Stock Exchange index (PSEi) fell 0.61% or 42.62 points to 6,926.20 on Monday. The broader all-shares index dropped 0.39% or 16.91 points to 4,252.97.
“Our index fell on heavy foreign selling…,” Timson Securities, Inc. trader Jervin S. de Celis said in a mobile message on Monday.
Foreigners dumped a net P608.95 million worth of shares yesterday, albeit easing from Friday’s P598.19-million net outflow.
“This could be a continuation of last week’s sentiment after our 3Q GDP missed forecasts and there are no fresh catalysts to lift our market,” Mr. De Celis added.
GDP grew by 6.1% annually in the July-September period, slower than the revised 6.2% in the preceding quarter and the 7.2% growth logged in comparable period in 2017.
This brought GDP growth in the first three quarters to an average of 6.3%, slower than the 6.8% in the same period last year and below the government’s target of 6.5-6.9% for 2018.
Meanwhile, investors’ wait-and-see stance pending this week’s release of US consumer price index data for October may have played a part in Monday’s market performance, Mr. De Celis said.
He said the data “will determine whether the US Fed[eral Reserve] will remain hawkish or dovish with their stance for the December meeting.”
Another analyst said overseas markets may also help determine the PSEi’s opening performance today, but most will be banking on remaining corporate financial reports.
“Earnings may be the only fulcrum for sentiments to turn on for the balance of the week — or month — as investors grapple with, and incorporate into their expectations, slower GDP and elevated inflation,” Justino B. Calaycay, Jr., Philstocks Financial, Inc. senior research analyst, said in a note on Monday.
“The BSP’s (Bangko Sentral ng Pilipinas) rate decision at mid-week, with the market largely expecting the regulators to keep their hands off the tweak button, could be a trigger,” Mr. Calaycay added.
He noted that the index has been hovering below the 7,000-mark for two consecutive days now. This puts support at the 6,900 level.
Most counters ended in negative territory on Monday. Industrials shed 1.07% or 113.33 points to close at 10,463.92; holding firms slid 0.95% or 65.85 points to 6,848.37; financials declined 0.57% or 9.02 points to 1,563.51; and services decreased 0.48% or 6.65 points to 1,376.93.
On the other hand, mining and oil went up 0.46% or 42.75 points to 9,162.97 and property inched up 0.23% or 8.12 points to 3,398.58.
Decliners trumped advancers, 127 to 68, while 44 names were unchanged.
A total of 883.54 million shares changed hands, yielding a P6.64-billion value turnover, up from Friday’s P5.96 billion. — Janina C. Lim
Source: https://www.bworldonline.com/stocks-decline-on-foreign-selling-after-gdp-data/
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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.