Tong’s Momentum Portfolio - Nov 18, 2014
STOCKS on Bursa Malaysia started the week with a negative note as foreign investors continued to sell down their stake in Malaysian equities last week.
The weak ringgit, sliding crude oil prices and 1MDB’s financial issues are some of the domestic concerns among investors.
Regional markets also fell with sentiment weakened following news that Japan, the world’s third-largest economy, unexpectedly entered into a recession. The start of the trading link between Shanghai and Hong Kong also saw shares sliding and oil and gold resumed their decline.
The FBM KLCI index declined 0.4 % to close at 1,806.48.
My portfolio value declined in line with the FBM KLCI’s downtrend, with total returns decreasing by 0.38% to RM 103,106.
The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 7.7%, and has registered an annualised return of 8.5%.
Total profits currently stand at RM 3,105.
In my portfolio, only HIL Industries and Crescendo rose by 1.3% and 0.4% respectively. The stocks that led the losers were Teo Seng (-4.5%) and IQ Group (-0.6%).
I kept the portfolio unchanged on Monday.
STOCKS on Bursa Malaysia started the week with a negative note as foreign investors continued to sell down their stake in Malaysian equities last week.
The weak ringgit, sliding crude oil prices and 1MDB’s financial issues are some of the domestic concerns among investors.
Regional markets also fell with sentiment weakened following news that Japan, the world’s third-largest economy, unexpectedly entered into a recession. The start of the trading link between Shanghai and Hong Kong also saw shares sliding and oil and gold resumed their decline.
The FBM KLCI index declined 0.4 % to close at 1,806.48.
My portfolio value declined in line with the FBM KLCI’s downtrend, with total returns decreasing by 0.38% to RM 103,106.
The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 7.7%, and has registered an annualised return of 8.5%.
Total profits currently stand at RM 3,105.
In my portfolio, only HIL Industries and Crescendo rose by 1.3% and 0.4% respectively. The stocks that led the losers were Teo Seng (-4.5%) and IQ Group (-0.6%).
I kept the portfolio unchanged on Monday.
