Tong’s Momentum Portfolio - March 17, 2015
March 17, 2015 : 10:31 AM MYT
REGIONAL markets mostly closed in the red yesterday following losses on Wall Street last Friday. The Dow Jones Industrial Average lost 0.82% to close at 17,749.31 while the S&P500 fell 0.61% to 2,053.40.
Bellwether indices in Taiwan and Japan fell between 0.04% and 0.69%. However, China and Hong Kong bucked the trend, with the Shanghai Composite Index and Hang Seng Index closing 2.26% and 0.53% higher respectively.
Closer to home, the benchmark FBM KLCI ended marginally lower at the last minute after swinging between positive and negative territories through the day. The index lost 0.07% to close at 1,780.54. Market breadth was also negative with decliners outpacing gainers by around 1.7 to 1.
In other news, both Brent crude and WTI crude continued to be dogged by persistent price weakness, trading at around $54 per barrel and $44 per barrel at the time of writing. Meanwhile, the ringgit weakened slightly against the greenback at RM3.70.
I bought 6,900 shares in Focus Lumber at RM1.44 after it exhibited positive momentum.
I also sold the following shares:
Superlon: 10,500 shares at 97 sen
Sunsuria: 6,000 shares at RM1.56
I continued to hold Supercomnet (-6.5%).
My portfolio now has a total value of RM99,242.80 and is down 0.8% since inception. However, it has still outperformed the FBM KLCI by 5.2%.
http://www.theedgemarkets.com
March 17, 2015 : 10:31 AM MYT
REGIONAL markets mostly closed in the red yesterday following losses on Wall Street last Friday. The Dow Jones Industrial Average lost 0.82% to close at 17,749.31 while the S&P500 fell 0.61% to 2,053.40.
Bellwether indices in Taiwan and Japan fell between 0.04% and 0.69%. However, China and Hong Kong bucked the trend, with the Shanghai Composite Index and Hang Seng Index closing 2.26% and 0.53% higher respectively.
Closer to home, the benchmark FBM KLCI ended marginally lower at the last minute after swinging between positive and negative territories through the day. The index lost 0.07% to close at 1,780.54. Market breadth was also negative with decliners outpacing gainers by around 1.7 to 1.
In other news, both Brent crude and WTI crude continued to be dogged by persistent price weakness, trading at around $54 per barrel and $44 per barrel at the time of writing. Meanwhile, the ringgit weakened slightly against the greenback at RM3.70.
I bought 6,900 shares in Focus Lumber at RM1.44 after it exhibited positive momentum.
I also sold the following shares:
Superlon: 10,500 shares at 97 sen
Sunsuria: 6,000 shares at RM1.56
I continued to hold Supercomnet (-6.5%).
My portfolio now has a total value of RM99,242.80 and is down 0.8% since inception. However, it has still outperformed the FBM KLCI by 5.2%.
http://www.theedgemarkets.com
