Top Ten Smart Money Moves – October 15, 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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Total Traded Value – PhP 4.399 Billion – Low
Advances Declines – (Ideal is 2:1) 106 Advances vs. 84 Declines = 1.26:1 Neutral
Total Foreign Buying PhP 1.910 Billion
Total Foreign Selling – (PhP 2.648) Billion
Net Foreign Buying (Selling) – (PhP 0.738) Billion – 33rd day of Net Foreign Selling after 2 days 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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PHL stocks decline on cautiousness after sell-off
October 15, 2018 | 9:00 pm
By Arra B. Francia, Reporter
SHARES fell on Monday as investors remained cautious following the global equity sell-off last week.
The benchmark Philippine Stock Exchange index (PSEi) dropped 1.11% or 78.26 points to 6,926.51 yesterday, failing to hold early gains which would have extended Friday’s recovery back to the 7,000 level.
The broader all-shares index likewise gave up 0.58% or 25.22 points to 4,276.58.
“I think the local market followed the overall sentiment across Asia particularly in China as the Shanghai composite hit a new low since November 2014. The investors remained cautious following global equity losses in the previous week,” Unicapital Securities, Inc. equity trader Cristopher Adrian T. San Pedro said via text.
Most regional indices fell on Monday due to lingering fears over the trade war between the United States and China, as well as the possible slowdown of the Chinese economy.
International indices also slipped to negative territory last week, with the Dow Jones Industrial Average plunging by more than 800 points on Wednesday, Oct. 10. The index managed to recover on Friday, jumping 1.15% or 287.16 points to 25,339.99. The S&P 500 index gained 1.42% or 38.76 points to 2,767.13, while the Nasdaq Composite index also rose 2.29% or 167.83 points to 7,496.89.
Regina Capital Development Corp. Managing Director Luis A. Limlingan attributed the decline to tensions between Saudi Arabia and the US, which could push up oil prices further.
“Philippine markets started the week on a bumpy note as some tension between Saudi Arabia and the US kept investors in a wait-and-see mode… Analysts and traders said the Saudi response could be read as a veiled threat to use its energy riches as a political tool. Key European allies has also added to the pressure,” Mr. Limlingan said in a mobile message.
The mining and oil counter was the lone sub-index that managed to post gains, adding 0.24% or 21.22 points to close at 8,796.65. The rest declined, led by industrials which slumped 1.71% or 181.29 points to 10,394.08. Services lost 1.09% or 16.26 points to 1,471.84; holding firms dipped 0.92% or 62.83 points to 6,734.09; property shed 0.54% or 18.88 points to 3,460.93; while financials went down 0.32% or 5.06 points to 1,544.80.
Some 542.16 million issues valued at P4.40 billion switched hands, dropping from the previous session’s P5.28-billion turnover.
Advancers outpaced decliners, 106 to 84, while 41 names remained unchanged.
Net foreign outflows persisted, rising slightly to P738 million from Friday’s P720.77 million.
“On a technical note, the relief rally from the low of 6,790 last week failed to hold above 7,000. Expect the market to range between 6,800 and 7,000 with the possibility of testing 6,700 and 6,575 support levels, assuming the bearish momentum persists,” Unicapital Securities’ Mr. San Pedro said.
Source: https://www.bworldonline.com/phl-stocks-decline-on-cautiousness-after-sell-off/
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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.