Tong’s Momentum Portfolio - Nov 19, 2014
ON Tuesday, stocks on Bursa Malaysia rebounded after a 2 week slump, taking cue from regional markets that closed mostly higher overnight.
Asian stocks rose, led by Japanese shares as investors awaited a decision by Japanese Prime Minister Shinzo Abe to postpone a sales-tax increase, add more stimulus and call a snap election. This follows data showing that the Japanese economy had entered into a technical recession.
US markets were also up following the announcement of two major deals by Actavis and Halliburton, while there is anticipation of more European monetary stimulus to boost an economic recovery.
The FBM KLCI index increased by 0.66 % to close at 1,818.4.
My portfolio value increased in line with the FBM KLCI’s downtrend, with total returns up by 0.46% to RM 103,578.
The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 7.5%, and has registered an annualised return of 9.7%.
Total profits currently stand at RM 3,578.
Most of the stocks in my portfolio were up yesterday, with gainers led by Willowglen (+1.8%) and KSL (+0.9%) The only stock that lost momentum was Sunway (-0.3%) while IQ Group remained unchanged.
I kept the portfolio unchanged on Tuesday.
http://www.theedgemarkets.com/en/node/170486
ON Tuesday, stocks on Bursa Malaysia rebounded after a 2 week slump, taking cue from regional markets that closed mostly higher overnight.
Asian stocks rose, led by Japanese shares as investors awaited a decision by Japanese Prime Minister Shinzo Abe to postpone a sales-tax increase, add more stimulus and call a snap election. This follows data showing that the Japanese economy had entered into a technical recession.
US markets were also up following the announcement of two major deals by Actavis and Halliburton, while there is anticipation of more European monetary stimulus to boost an economic recovery.
The FBM KLCI index increased by 0.66 % to close at 1,818.4.
My portfolio value increased in line with the FBM KLCI’s downtrend, with total returns up by 0.46% to RM 103,578.
The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 7.5%, and has registered an annualised return of 9.7%.
Total profits currently stand at RM 3,578.
Most of the stocks in my portfolio were up yesterday, with gainers led by Willowglen (+1.8%) and KSL (+0.9%) The only stock that lost momentum was Sunway (-0.3%) while IQ Group remained unchanged.
I kept the portfolio unchanged on Tuesday.
http://www.theedgemarkets.com/en/node/170486
