Tong’s Momentum Portfolio - March 9, 2015
REGIONAL markets mostly traded higher on Friday, tracking positive leads from Wall Street. The Dow Jones Industrial Average gained 0.21% to close at 18,135.72 while the S&P 500 climbed 0.12% to close at 2,101.04.
While losses in China, Hong Kong and Vietnam markets ranged from 0.12% to 0.49%, bellwether indices in Japan, New Zealand and Korea gained between 0.73% to as much as 1.17%. Notably, the Laos Securities Exchange Composite Index surged 4.39% to close at 1,483.83, emerging as the region’s top gainer.
Closer to home, the benchmark FBM KLCI registered marginal gains to close at 1,806.96 on Friday. Market breadth was also positive with gainers outpacing decliners by about 1.3 to 1.
Crude oil prices climbed marginally, with Brent crude trading at $61 per barrel and WTI crude at $51 per barrel at the time of writing. Meanwhile, the ringgit strengthened against the greenback at RM3.65.
I did not make any changes to my portfolio on Friday.
I continue to hold SCGM (unchanged) and Inari (+0.3%).
My portfolio now has a total value of RM99,935.60, down marginally from the initial investment of RM100,000. Despite this, it is still outperforming the FBM KLCI by 4.5%.
http://www.theedgemarkets.com/my/article/tong%E2%80%99s-momentum-portfolio-march-9-2015
REGIONAL markets mostly traded higher on Friday, tracking positive leads from Wall Street. The Dow Jones Industrial Average gained 0.21% to close at 18,135.72 while the S&P 500 climbed 0.12% to close at 2,101.04.
While losses in China, Hong Kong and Vietnam markets ranged from 0.12% to 0.49%, bellwether indices in Japan, New Zealand and Korea gained between 0.73% to as much as 1.17%. Notably, the Laos Securities Exchange Composite Index surged 4.39% to close at 1,483.83, emerging as the region’s top gainer.
Closer to home, the benchmark FBM KLCI registered marginal gains to close at 1,806.96 on Friday. Market breadth was also positive with gainers outpacing decliners by about 1.3 to 1.
Crude oil prices climbed marginally, with Brent crude trading at $61 per barrel and WTI crude at $51 per barrel at the time of writing. Meanwhile, the ringgit strengthened against the greenback at RM3.65.
I did not make any changes to my portfolio on Friday.
I continue to hold SCGM (unchanged) and Inari (+0.3%).
My portfolio now has a total value of RM99,935.60, down marginally from the initial investment of RM100,000. Despite this, it is still outperforming the FBM KLCI by 4.5%.
http://www.theedgemarkets.com/my/article/tong%E2%80%99s-momentum-portfolio-march-9-2015
