Top Ten Smart Money Moves – October 16, 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 4.745 Billion – Low
Advances Declines – (Ideal is 2:1) 100 Advances vs. 83 Declines = 1.20:1 Neutral
Total Foreign Buying PhP 2.869 Billion
Total Foreign Selling – (PhP 3.093) Billion
Net Foreign Buying (Selling) – (PhP 0.224) Billion – 34th 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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Shares up on last-minute buying, lower outflows
October 16, 2018 | 9:00 pm
By Arra B. Francia, Reporter
SHARES CLIMBED on Tuesday, saved by last-minute buying and minimal foreign outflow compared to previous weeks.
The 30-company Philippine Stock Exchange index (PSEi) gained 0.87% or 60.51 points to 6,987.02, managing to post gains amid muted trading for most of the session. The broader all-shares index likewise rose 0.3% or 13.13 points to 4,289.71.
“The market remained mostly subdued the entire day, moving sideways, until finally surging in the last few minutes to end 60.51 points higher at 6,987.02. The lower net foreign selling of only P223 million today (from figures above P700 million the past three days) may have contributed to the day’s gain,” Papa Securities Corp. trader Gabriel Jose F. Perez said in an e-mail on Tuesday.
Net foreign outflows slimmed to P223.54 million on Tuesday from net sales of P738 million recorded on Monday. This marks the 34th straight session of net foreign outflows since Aug. 30.
The main index was trading mostly in the negative at the start of the day, tracking the sell-off seen in international markets as the United States’ row with Saudi Arabia came into focus.
“It was another uneventful trading session where value turnover was only [P5 billion], but the PSEi managed to finish in the green as focus shifted to developments between the US and Saudi Arabia,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message.
Tensions between the US and Saudi Arabi persisted as the disappearance of Saudi journalist Jamal Khashoggi remained unsolved. Market participants are cautious on how this could impact oil prices.
With this, the Dow Jones Industrial Average dropped 0.35% or 89.44 points to 25,250.55. The S&P 500 index slumped 0.59% or 16.34 points to 2,750.79, while the Nasdaq Composite index shed 0.88% or 66.15 points to 7,430.74.
Asian indices meanwhile ended mixed, dragged by negative sentiment on Wall Street.
Back home, all sectoral indices moved to positive territory, led by industrials which jumped 1.47% or 153.23 points to 10,547.31. Property went up 1.09% or 37.98 points to 3,498.91; mining and oil gained 1.03% or 91.40 points to 8,888.05; financials rose 0.9% or 13.90 points to 1,558.70; services added 0.39% or 5.87 points to 1,477.71; while holding firms increased 0.12% or 8.25 points to 6,742.34.
Value turnover inched up to P4.75 billion after some 425.55 million issues switched hands, compared to Monday’s P4.40 billion.
Market breadth favored advancers versus decliners, 100 to 83, while 51 names ended flat.
Papa Securities’ Mr. Perez advised investors to remain on the lookout for US markets, pegging the main index’s support at 6,790 and initial resistance at 7,130.
Source: https://www.bworldonline.com/shares-up-on-last-minute-buying-lower-outflows/
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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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4. My Slideshare: http://www.slideshare.net/TheResponsibleTrader – where you can view and download copy of the Powerpoint Presentation of my TRT-POV (The Responsible Trader’s Point of View) of the videos posted in our Youtube Channel. (FREE)
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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.