Tong’s Momentum Portfolio - Mar 27, 2015
By InsiderAsia / InsiderAsia | March 27, 2015 : 11:25 AM MYT
TOTAL value for my portfolio dipped 0.48% yesterday, to RM97,846.06, dragged down by losses on Ekowood International and Comintel Corporation. By comparison, the FBM KLCI was flat at 1,818.42. Market breath was slightly positive with gainers outnumbering decliners by a ratio of 1.1-to-1.
Regional markets finished mostly lower, following steep overnight losses on Wall Street. The DJIA and the S&P 500 dropped 1.62% and 1.46%, respectively, on the back of soft economic data. Elsewhere, Japan’s Nikkei 225 index lost 1.39% while the Hang Seng index was down 0.13%.
Crude oil futures rose sharply with the WTI gaining 4.59% to US$ 51.47, at the point of writing, fuelled by escalating tension in the Middle East. On Thursday, Saudi Arabia and its Gulf Arab allies launched military operations against rebels in neighbouring Yemen.
Meanwhile, the ringgit strengthened to RM3.66 against the greenback. Undermined by weaker economic data, the dollar index, which measures the value of USD against a basket of currencies, fell 0.72% to 96.28.
My portfolio is down 2.2% since inception. Despite the loss, I am still outperforming the FBM KLCI, which lost 3.9% over the same period.
• Portfolio will buy stocks with positive momentum on the day
• Stocks in portfolio will be divested when they exhibit negative momentum
• Otherwise, stocks will be divested within a max 4-day holding period
This article first appeared in The Edge Financial Daily, on March 27, 2015.
http://www.theedgemarkets.com
By InsiderAsia / InsiderAsia | March 27, 2015 : 11:25 AM MYT
TOTAL value for my portfolio dipped 0.48% yesterday, to RM97,846.06, dragged down by losses on Ekowood International and Comintel Corporation. By comparison, the FBM KLCI was flat at 1,818.42. Market breath was slightly positive with gainers outnumbering decliners by a ratio of 1.1-to-1.
Regional markets finished mostly lower, following steep overnight losses on Wall Street. The DJIA and the S&P 500 dropped 1.62% and 1.46%, respectively, on the back of soft economic data. Elsewhere, Japan’s Nikkei 225 index lost 1.39% while the Hang Seng index was down 0.13%.
Crude oil futures rose sharply with the WTI gaining 4.59% to US$ 51.47, at the point of writing, fuelled by escalating tension in the Middle East. On Thursday, Saudi Arabia and its Gulf Arab allies launched military operations against rebels in neighbouring Yemen.
Meanwhile, the ringgit strengthened to RM3.66 against the greenback. Undermined by weaker economic data, the dollar index, which measures the value of USD against a basket of currencies, fell 0.72% to 96.28.
My portfolio is down 2.2% since inception. Despite the loss, I am still outperforming the FBM KLCI, which lost 3.9% over the same period.
• Portfolio will buy stocks with positive momentum on the day
• Stocks in portfolio will be divested when they exhibit negative momentum
• Otherwise, stocks will be divested within a max 4-day holding period
This article first appeared in The Edge Financial Daily, on March 27, 2015.
http://www.theedgemarkets.com
