ASIAN markets closed mostly higher for the week. Confidence was bolstered by the recovery on Wall Street, following some positive economic reports and solid corporate earnings.
The closely-watched Dow Jones Industrial Average rose 216.58 points or 1.3% to close at 16,677.90 while S&P 500 gained 23.71 points or 1.2% to close at 1,950.82 on Thursday.
The latest report on new claims for unemployment benefits in the US remains supportive of an improving labor market scenario — reinforcing the view that the world’s largest economy is gaining traction, albeit slowly.
FBM KLCI was up by 8.18 points to close at 1,818.86 last Friday, bringing total gains for the week to 34 points or 1.9%. Nevertheless, the benchmark index is still down 2.6% for the year-to-date.
The value of my portfolio rose by 0.92% to RM105,535, better than the benchmark index’s 0.45% increase. All stocks in the portfolio ended in positive territory except for Crescendo Corp Bhd and KSL Holdings Bhd , which inched down marginally by 0.3% and 0.7%, respectively. Apex Equity Holdings ’ share price remained unchanged.
The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 9.4%.
Total returns for the portfolio currently stand at RM5,535.
Homeritz Corp Bhd (+5.7%) and Willowglen MSC Bhd (+3.7%) were among the top gainers last Friday.
I kept the portfolio unchanged.
http://www.theedgemarkets.com
