Top Ten Smart Money Moves – November 27, 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 27, 2018 Data)
Total Traded Value – PhP 7.593 Billion – Low
Advances Declines – (Ideal is 2:1) 98 Advances vs. 76 Declines = 1.29:1 Neutral
Total Foreign Buying PhP 4.100 Billion
Total Foreign Selling – (PhP 3.787) Billion
Net Foreign Buying (Selling) – PhP 0.313 Billion – first day of Net Foreign Buying after a day 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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Local stocks up as Cyber Monday boosts Wall St.
November 27, 2018 | 9:00 pm
By Arra B. Francia
Reporter
SHARES CLIMBED on Tuesday despite mostly negative trading for most of the session, driven by the rally of retailer stocks in Wall Street on Cyber Monday.
The 30-company Philippine Stock Exchange index (PSEi) rose for a fourth straight session yesterday, adding 0.21% or 15.76 points to close at 7,413.63. The broader all-shares index also firmed up 0.39% or 17.67 points to 4,458.76.
“No slowdown again for Philippine investors for the last week of November still, as they continued to buy at close with the market trading in the red for most of the session,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
“Sentiment was boosted as US shares closed higher Monday with retailers rallying on expectations of strong sales from deals on Cyber Monday,” Mr. Limlingan added, referring to the Monday after the Thanksgiving holiday in the United States.
With this, Wall Street’s major indices rallied. The Dow Jones Industrial Average soaring 1.46% or 354.29 points to 24,640.24. The Nasdaq Composite index jumped 2.06% or 142.87 points to 7,081.85, while the S&P 500 index gained 1.55% or 40.89 points to 2,673.45.
Asian markets, meanwhile, were mixed, as investors focused on the meeting between US President Donald J. Trump and Chinese President Xi Jinping.
Meanwhile, Papa Securities Corp. Head of Marketing and Business Development Arbee B. Lu attributed the PSEi’s sideways movement to indecision.
“[Tuesday]’s choppy trading may be signs of indecision as we approach resistance at 7,480. We may see similar action in the days to come as investors await November inflation data next week,” Ms. Lu said in an e-mail.
Net buying also lifted the index after foreign investors booked net purchases of P312.80 million, a reversal of the net selling position of P631.89 million on Monday.
Ms. Lu noted that foreign investors bought stocks of mostly banking and property firms on Tuesday, such as BDO Unibank, Inc., SM Prime Holdings, Inc. and Bank of the Philippine Islands.
Sectoral indices were split between gainers and advancers. Moving to positive territory was the financials counter, which jumped 1.09% or 19.19 points to 1,764.56. Holding firms followed with a 0.58% or 42.24-point uptick to 7,281.64, while services added 0.04% or 0.66 point to 1,415.73.
On the other hand, mining and oil fell 1.61% or 139.91 points to 8,513.70. Property slumped 0.64% or 23.18 points to 3,577.03, while industrials dropped 0.59% or 64.24 points to 10,710.35.
Turnover went up to P7.59 billion after some 1.18 billion issues switched hands, rising from the previous session’s P6.88 billion.
Market breadth was positive with 98 advancers versus 76 decliners, while 58 names ended flat.SHARES CLIMBED on Tuesday despite mostly negative trading for most of the session, driven by the rally of retailer stocks in Wall Street on Cyber Monday.
Source: https://www.bworldonline.com/local-stocks-up-as-cyber-monday-boosts-wall-st/
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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.