The Responsible Trader

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 5, 2018 Data)

Total Traded Value – PhP 5.888 Billion – Low
Advances Declines – (Ideal is 2:1) 146 Declines vs. 51 Advances = 2.86:1  Bearish
Total Foreign Buying  PhP 2.051 Billion
Total Foreign Selling – (PhP 3.094)  Billion
Net Foreign Buying (Selling) – (PhP 1.043)  Billion – 5th 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 plunge as inflation hits fresh peak in Aug.

STOCKS suffered a bloodbath during Wednesday’s trading after August inflation figures ended much higher than expected.
The Philippine Stock Exchange index (PSEi) — considered a local barometer for investor confidence — plunged 1.64% or 129.55 points to close at 7,752.27 Wednesday, September 5. The index hit an intraday low of 7,699.02 before paring losses slightly in time for the closing bell.

The broader all-shares index also dropped 1.33% or 63.84 points to finish at 4,732.02.

“The fresh nine-year high inflation figure for August did not sit well with market participants, as [Wednesday]’s trading was marked with selling pressure throughout the day,” Regina Capital Development Corp. Equity Analyst Rens V. Cruz II said in a mobile message.

The Philippine Statistics Authority reported Wednesday, September 5, that headline inflation accelerated to 6.4% last August, faster than July’s 5.7%. This is the highest figure recorded since inflation shot up to 6.6% in March 2009.
The August inflation reading beat all market estimates, including the Bangko Sentral ng Pilipinas’ (BSP) estimate range of 5.5-6.2%, as well as the Department of Finance’s 5.9%.

Year-to-date inflation is now at 4.8%, well beyond the government’s target of 2-4%.

Analysts are now expecting another rate hike from the BSP to curb inflation.

“The surprise inflation print of 6.4% caused investors to cash in, as this will likely force the BSP to raise their policy rates more aggressively from a widely expected 25 basis points to most probably 50 basis points later this month,” PNB Securities, Inc. President Manuel Antonio G. Lisbona said via text on Wednesday.

All sectoral indices were bleeding at the end of trading, with financials recording the biggest loss at 2.81% or 50.76 points to 1,753.84. Property followed with a drop of 1.85% or 73.04 points to 3,856.96; mining and oil shed 1.66% or 167.73 points to 9,907.84; and holding firms gave up 1.41% or 110.35 points to 7,709.23.

Industrials also went down 0.87% or 99.33 points to 11,226.33, while services slipped 0.44% or 6.91 points to 1,536.78.
Trading thinned slightly to P5.89 billion after some 1.69 billion issues switched hands, compared to Tuesday’s P5.94-billion value turnover.

Decliners were almost triple that of advancers, 146 to 51, while 38 issues closed flat.

Foreign investors fled the market, posting net sales of P1.04 billion, significantly higher than the previous session’s P257.56-million net outflow. This is also the highest net foreign outflow in more than two weeks.

“Unfortunately, bearish sentiment is expected to persist at least for the remainder of the week, as investors will still digest the components of the latest CPI (consumer price index) numbers, as well as gradually factor in the implications — including a higher weight on a September rate hike, and the peso’s drop to a fresh 12-year low,” Regina Capital’s Mr. Cruz said. — Arra B. Francia

Source: http://www.bworldonline.com/shares-plunge-as-inflation-hits-fresh-peak-in-aug/

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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 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.