Tong’s Momentum Portfolio - Nov 12, 2014
ALTHOUGH stocks on the local bourse started off the week on a mildly positive note, the FBM KLCI reversed those gains on Tuesday, taking their cue from key regional markets which closed mixed.
Although volatility on global stock markets has eased, sentiment for the local stock market has been somewhat dampened by the fall in crude oil prices and the weak ringgit. The fall in crude oil prices, in particular, will have an effect on government revenues and its ability to narrow the budget deficit.
The FBM KLCI index lost 2.82 points or 0.15% on Tuesday. Market breadth was negative with losing stocks beating gaining ones by a 2.5-to-1 margin.
My portfolio value declined in tandem with the FBM KLCI’s downtrend, with total returns decreasing by 0.79% to RM 106,225.
The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 9.8%, and has registered an annualised return of 17.9%.
Total profits currently stand at RM 6,225.
In my portfolio, only Crescendo rose by 0.7% to close at RM2.82. The stocks that lost ground were HIL Industries (-3.1%), Willowglen MSC (-2.7%), and IQ Group (-1.1%).
I kept the portfolio unchanged on Tuesday.
http://www.theedgemarkets.com
ALTHOUGH stocks on the local bourse started off the week on a mildly positive note, the FBM KLCI reversed those gains on Tuesday, taking their cue from key regional markets which closed mixed.
Although volatility on global stock markets has eased, sentiment for the local stock market has been somewhat dampened by the fall in crude oil prices and the weak ringgit. The fall in crude oil prices, in particular, will have an effect on government revenues and its ability to narrow the budget deficit.
The FBM KLCI index lost 2.82 points or 0.15% on Tuesday. Market breadth was negative with losing stocks beating gaining ones by a 2.5-to-1 margin.
My portfolio value declined in tandem with the FBM KLCI’s downtrend, with total returns decreasing by 0.79% to RM 106,225.
The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 9.8%, and has registered an annualised return of 17.9%.
Total profits currently stand at RM 6,225.
In my portfolio, only Crescendo rose by 0.7% to close at RM2.82. The stocks that lost ground were HIL Industries (-3.1%), Willowglen MSC (-2.7%), and IQ Group (-1.1%).
I kept the portfolio unchanged on Tuesday.
http://www.theedgemarkets.com
