Tong’s momentum portfolio - Nov 6, 2014
THE FBM KLCI fell for the third consecutive day on Wednesday, amid mixed sentiment in key regional markets.
Market breadth was negative with 251 gainers as compared to 576 losers. Sentiment for the broader market was affected by the fall in oil and gas counters such as SapuraKencana Petroleum and Petronas Dagangan .
Brent crude oil hit a three-year low of $82.08, its weakest since October 2010. This came after Saudi Arabia unexpectedly cut the price of oil sold to the US.
Investors are also cautious after disappointing US trade data may have reinforced expectations of sluggish global economic growth.
My portfolio value decreased by 0.75% to RM 106,116, roughly in line with FBM KLCI’s decline of 0.44%, while total returns for the portfolio declined from 6.9% to 6.1%.
The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 8.9%, and has registered an annualised return of 18.4%.
Total profits currently stand at RM 6,116.
The only gainer for the portfolio on Wednesday was HIL Industries , up 4.5%. The stocks that lost ground were IQ Group (-3.8%), Sunway (-3.6%), and Crescendo (-1.1%).
http://www.theedgemarkets.com
THE FBM KLCI fell for the third consecutive day on Wednesday, amid mixed sentiment in key regional markets.
Market breadth was negative with 251 gainers as compared to 576 losers. Sentiment for the broader market was affected by the fall in oil and gas counters such as SapuraKencana Petroleum and Petronas Dagangan .
Brent crude oil hit a three-year low of $82.08, its weakest since October 2010. This came after Saudi Arabia unexpectedly cut the price of oil sold to the US.
Investors are also cautious after disappointing US trade data may have reinforced expectations of sluggish global economic growth.
My portfolio value decreased by 0.75% to RM 106,116, roughly in line with FBM KLCI’s decline of 0.44%, while total returns for the portfolio declined from 6.9% to 6.1%.
The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 8.9%, and has registered an annualised return of 18.4%.
Total profits currently stand at RM 6,116.
The only gainer for the portfolio on Wednesday was HIL Industries , up 4.5%. The stocks that lost ground were IQ Group (-3.8%), Sunway (-3.6%), and Crescendo (-1.1%).
http://www.theedgemarkets.com
