Top Ten Smart Money Moves – October 28, 2019
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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As promised in my last post, Back from the Hack, we are resuming all our activities both in our website and Facebook starting August 1, 2019.
This section of our website has been running for the past five years. Perhaps you are asking, why Top Ten Smart Money Moves? This is what I have written in my new book: “Swing Trading with TRT – A Definitive Guide for Swing Trading the Philippine Stock Market.”
“SMART MONEY
The PSE achieved a milestone by the end of the year 2018 when they reported that the number of stock market accounts broke past the one million mark as a result of the substantial increase in online accounts.
Retail investors owned most of the stock market accounts, representing 97.5% of the total accounts while the remaining 2.5% is held by the institutional investors also considered as smart money.
While we, the retail traders, are big in number, we are small in terms of influence in the stock market because more than 50% of the Total Traded Value Daily is accounted for the institutional investors whose transactions are focused mostly on a handful of their selected stocks.
In our Website, we have a regular feature “Top Ten Smart Money Moves” where we monitor the Top Ten stocks being bought and sold by the smart money.
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Trading Notes for Today – (Based on October 25, 2019 Data)
Total Traded Value – PhP 6.966 Billion – Low
Advances Declines – (Ideal is 2:1) 75 Advances vs. 110 Declines = 1.47:1 Neutral
Total Foreign Buying PhP 3.130 Billion
Total Foreign Selling – (PhP 3.437) Billion
Net Foreign Buying (Selling) – (PhP 0.307) Billion – first day of Net Foreign Selling after 3 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 climb on positive third-quarter earnings
October 28, 2019 | 9:00 pm
LOCAL STOCKS picked up on Monday as publicly listed companies started reporting positive earnings in the third quarter.
The benchmark Philippine Stock Exchange index (PSEi) climbed 24.03 points or 0.30% to close at 7,946.53, as the broader all-shares index increased 7.22 points or 0.15% to 4,774.25.
Luis A. Limlingan, head of sales at Regina Capital Development Corp., attributed the increase to the strong quarterly earnings of companies such as BDO Unibank, Inc., Metropolitan Bank and Trust Co. and Manila Electric Co.
Timson Securities, Inc. Trader Jervin S. de Celis added that the rally in shares of JG Summit Holdings, Inc. helped lift the PSEi by contributing 10.59 points to the main index’s uptick.
“[A]lthough the company has not released its earning report yet, investors are probably already anticipating good figures,” he said in a text message. Shares in JG Summit climbed 2.46% at the close of yesterday’s session.
He also pointed at the shares of SM Investments Corp. as a driver of the PSEi’s increase. Despite losing 0.29% at the end of trading, Mr. De Celis said on Monday that “the last minute buy orders from foreigners pushed (its) price…thereby cutting its -1.56% pullback today to only -0.29%.”
Sectoral indices ended mixed. Financials rose 30.11 points or 1.60% to 1,906.90 and holding firms climbed 30.35 points or 0.39% to 7,775.39. The rest fell, with mining and oil dropping 67.23 points or 0.73% to 9,142. Property went down 17.46 points or 0.41% to 4,148.83; services declined by 4.64 points or 0.30% to 1,526.89; and industrials lost 22.77 points or 0.21% to 10,447.30.
Shares in Suntrust Home Developers, Inc. continued trading at high volumes, soaring 0.46 points or 36.8% to close at P1.71 apiece on Monday.
Mr. Limlingan of Regina Capital said this is likely from investor speculation on the increase in net foreign buying in the company’s shares in previous sessions. Mr. De Celis of Timson Securities, meanwhile, said this is due to the anticipated increase in the firm’s authorized capital stock from P3 billion to P23 billion. Suntrust will hold its stockholders’ meeting Tuesday.
Value turnover on Monday stood at P5.88 billion, dropping from Friday’s P6.97 billion, with 1.36 billion issues changing hands.
Decliners outnumbered advancers, 105 to 81, while 65 names ended unchanged.
Foreign investors were bullish, recording net purchases of P142.55 million on Monday, a reversal of Friday’s net selling worth P307.28 million.
Meanwhile, most Southeast Asian stock markets rose on Monday, lifted by hopes that Washington and Beijing were close to finalizing parts of a trade pact, while the Thai bourse dropped nearly 1% after the United States suspended duty-free trade with the country for certain items last week.
US President Donald Trump has said he hopes to sign the deal with China’s President Xi Jinping next month at a summit in Chile. — Denise A. Valdez with Reuters
Source: https://www.bworldonline.com/shares-climb-on-positive-third-quarter-earnings/
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In line with our VISION, A RESPONSIBLE TRADER 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. We have successfully launched “Swing Trading with TRT – a Definitive Guide for Swing Trading the Philippine Stock Market” last September 2, 2019. This book is the second in our Responsible Trader Education Series.
You can download Chapter 1 and see the Table of Contents here: https://drive.google.com/file/d/1NZEABnQMiQ_zenEMs0lPFWweX4WBxBHg/view?usp=sharing
The first book, “The Responsible Trader – a Thinking Person’s Guide for Trading the Philippine Stock Market” provided all the basic knowledge that a trader needs to know in order to trade the Philippine Stock Market effectively and efficiently. The first book is about the basics. This second book is about the specifics.
2. 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.
As requested by those abroad and those who want the book in digital form, we have produced an eBook version. For those interested please send email to: ninjatrader19@gmail.com Subject: The Responsible Trader – eBook Version.
The book can also be ordered online through our publisher, Central Book Supply. Just go to: http://central.com.ph/bookstoreplus then click Search – The Responsible Trader.
3. The Website: :http://www.theresponsibletrader.com where we publish our daily newsletter Top Ten Smart Money Moves, Stock Trading Lessons, and Inspirational Materials. (FREE)
4. The YouTube Channel: https://www.youtube.com/theresponsibletrader – where you can learn the course “Master’s Certificate in Technical Analysis” which was simplified in an easily understood manner. You can download these videos and learn them at your own convenient time. (FREE)
5. 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.