Top Ten Smart Money Moves – November 20, 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 20, 2018 Data)
Total Traded Value – PhP 6.924 Billion – Low
Advances Declines – (Ideal is 2:1) 109 Declines vs. 84 Advances = 1.30:1 Neutral
Total Foreign Buying PhP 3.515 Billion
Total Foreign Selling – (PhP 2.989) Billion
Net Foreign Buying (Selling) – PhP 0.526 Billion – first day of Net Foreign Buying after 8 days of Net Foreign Selling
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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PSE index extends gains as Xi starts visit to PHL
November 20, 2018 | 9:00 pm
By Arra B. Francia, Reporter
THE MAIN INDEX extended its gains on Tuesday, as investors focused on Chinese President Xi Jinping’s visit to the country.
The 30-member Philippine Stock Exchange index (PSEi) rose 0.45% or 32.68 points to close at 7,302.94 yesterday, marking its fifth day in positive territory. The broader all-shares index also firmed up 0.26% or 11.52 points to 4,398.34.
“The main index saw a pullback in the morning session but was quickly turned around by the positivity of investors… Foreign funds snapped eight days of outflows with net-buying today at P526 million. This is a very good sign,” Eagle Equities, Inc. Research Head Christopher John Mangun said in an e-mail on Tuesday.
Foreign investors turned buyers for the first time in eight sessions, recording net purchases worth P526.01 million yesterday versus net foreign outflows of P286.49 million on Monday.
Papa Securities Corp. trader Gabriel Jose F. Perez also attributed the uptick to the return of foreign funds to the local market, adding that “there was also strength behind [Tuesday’s] recovery given the substantial value turnover of P6.9 billion.”
The reentry of foreign funds into the market came amid Mr. Xi’s arrival in the Philippines on Tuesday morning, where he is set to sign agreements with President Rodrigo R. Duterte. The government is looking a signing investment deals for major infrastructure projects in the country, as promised during Mr. Duterte’s Beijing visit two years ago.
The PSEi shrugged off the weakness in US markets, as tech stocks dragged major indices lower. The Dow Jones Industrial Average plunged 1.56% or 395.78 points to 25,017.44. The S&P 500 index slipped 1.66% or 45.54 points to 2,690.73, while the Nasdaq Composite index fell 3.03% or 219.40 points to 7,028.48.
Most Asian markets also ended lower, reflecting the negativity in Wall Street.
Back home, sectoral indices were equally split between advancers and decliners. The property counter led advancers with a 0.97% or 33.79 points increase to 3,511.93. Holding firms went up 0.73% or 52.70 points to 7,224.97, while financials added 0.55% or 9.51 points to 1,710.83.
Meanwhile, mining and oil dropped 2.8% or 250.28 points to close at 8,679.64. Services shed 0.92% or 13.05 points to 1,402.84, and industrials slumped 0.62% or 66.62 points to 10,637.11.
Turnover slimmed to P6.92 billion after some 949.31 million issues switched hands, from P8.34 billion in the previous session.
Decliners beat advancers, 109 to 84, while 47 names ended flat.
“Continue to watch out for how US markets move [on Tuesday night] especially with how the PSEi tends to have a knee-jerk reaction…,” Papa Securities’ Mr. Perez said.
Eagle Equities’ Mr. Mangun placed the next resistance at 7,350, with immediate support steady at 7,200.
Source: https://www.bworldonline.com/pse-index-extends-gains-as-xi-starts-visit-to-phl/
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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.