Top Ten Smart Money Moves – September 25, 2017
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.
Trading Notes for Today – (Based on September 25, 2017 Data)
Total Traded Value – PhP 6.756 Billion – Low
Advances Declines – (Ideal is 2:1) 156 Declines vs. 65 Advances = 2.40:1 Bearish
Total Foreign Buying – PhP 2.818 Billion
Total Foreign Selling – (PhP 2.809) Billion
Net Foreign Buying (Selling) – PhP 0.009 Billion – 4th day of Net Foreign Buying after a day of Net Foreign Selling
Data from the Philippine Stock Exchange
Screenshot courtesy of: www.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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Bourse retreats for second straight session
September 26, 2017
INVESTORS cashed in at the start of the week as they began reassessment of trading positions with the end of the third quarter in sight, analysts said, causing the benchmark index to slide for the second straight session.
The Philippine Stock Exchange index (PSEi) slipped by 36.54 points or 0.44% to finish 8,244.73, while the all-shares index similarly slid 15.74 points or 0.32% to end 4,862.65. Four of the six sectoral indices ended lower.
“Philippine shares turned to profit-taking mode as the last week of September started,” said Luis A. Limlingan, business development head at Regina Capital Development Corp.
“Some volatility may be expected this week for the Philippines with a lot of funds wanting to ‘clean’ their portfolios ahead of the end of 3Q17.”
Monday saw 1.59 billion shares worth some P6.76 billion changing hands, compared to Friday’s 3.07 billion worth P6.15 billion.
Net foreign buying was sustained for the fourth straight session, although Monday’s P8.824 million was the smallest in that period.
“Last week, the index was able to register another [intraday] all-time high at 8,321[.81 on Sept. 21] but failed to maintain trading above the 8,300 level,” Mr. Limlingan said, even as he noted that “[t]echnical indicators remain bullish and the index is still above its immediate 8,100 resistance.”
Industrial stocks led Monday’s retreat, giving up 221.11 points or 1.94% to finish 11,178.69. Services followed, sliding by 19.45 points or 1.13% to 1,702.19. Property stocks were next, dropping 41.18 points or 1.04% to 3,911.49, while financials fell by 7.22 points or 0.36% to 1,979.95.
The two sectoral indices that defied the trend were holding firms as well as mining and oil, which gained 61.02 points or 0.73% to close 8,320.19 and 70.36 points or 0.49% to finish 14,205.61.
Other Asian markets bared mixed fortunes, with Japan’s Nikkei 225 and Topix Index as well as the S&P/ASX 200 Index gaining 0.50%, 0.49% and 0.03%, respectively, while Hong Kong’s Hang Seng Index and the Shanghai-Shenzhen CSI 300 yielded 1.36% and 0.52%, respectively.
Monday’s list of the most actively traded stocks saw those that gained led by Apex Mining Company, Inc. (28.65% up to P2.20 apiece); PXP Energy Corp. (27.87% to P9.91); Robinsons Retail Holdings, Inc. (4.62% to P95.20) and SM Investments Corp. (1.62% to P878 each).
Shares that ended lower on Monday were led by Energy Development Corp. (down 15.13% to P6 apiece); Integrated Micro-Electronics, Inc. (6.73% to P18.28); Filinvest Land, Inc. (6.05% to P2.02); and International Container Terminal Services, Inc. (2.46% to P103 each).
“The key [US] economic releases this week are the durable goods report on Wednesday and the personal income and spending report on Friday. There are several speaking engagements by Fed officials this week, including a speech by Chair [Janet] Yellen on Tuesday,” Mr. Limlingan said.
Source: http://bworldonline.com/bourse-retreats-second-straight-session/
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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.
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 continues to receive positive response and comments from our readers. To reach a wider audience we have made the book available through selected branches of National Bookstore:
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.
2. The Website: :http://www.theresponsibletrader.com where we publish our daily newsletter Top Ten Smart Money Moves, Stock Trading Lessons, and Inspirational Materials. (FREE)
3. 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)
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.