Tong’s Momentum Portfolio - Dec 10, 2014
ALL of the major Asian stock markets, save for Singapore, ended in the red Tuesday.
Sentiment was, by and large, poor. Overnight, in US, the S&P 500 posted its biggest daily percentage drop since October after oil slump to a fresh five-year low. Weaker than expected China export and import data underscored weakness in the world’s second largest economy. The main Shanghai share index plummeted 5.4% yesterday. Japan’s economy also shrank more than expected in 3Q14, adding to the bearish mood.
Investor confidence in the local bourse was further weighed down by the falling ringgit, crude oil and palm oil prices, which, in turn, saw intensified foreign selling of Malaysian bonds and equities.
On Tuesday, the FBM KLCI index dropped by 0.16% to close at 1,738.10. Market breadth was negative with losers outweighing gainers by a ratio of 3 to one. Trading volume fell to 1.44 billion shares with investors sidelined.
My portfolio value declined in line with the FBM KLCI’s downtrend, with total returns decreasing by 0.08% to RM101,656.
The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 9.8%, and has registered an annualised return of 3.9%.
Total profits currently stand at RM1,656.
Shares for Willowglen MSC fell marginally to 76.5 sen while Crescendo was unchanged on Tuesday.
I kept the portfolio unchanged.
http://www.theedgemarkets.com
ALL of the major Asian stock markets, save for Singapore, ended in the red Tuesday.
Sentiment was, by and large, poor. Overnight, in US, the S&P 500 posted its biggest daily percentage drop since October after oil slump to a fresh five-year low. Weaker than expected China export and import data underscored weakness in the world’s second largest economy. The main Shanghai share index plummeted 5.4% yesterday. Japan’s economy also shrank more than expected in 3Q14, adding to the bearish mood.
Investor confidence in the local bourse was further weighed down by the falling ringgit, crude oil and palm oil prices, which, in turn, saw intensified foreign selling of Malaysian bonds and equities.
On Tuesday, the FBM KLCI index dropped by 0.16% to close at 1,738.10. Market breadth was negative with losers outweighing gainers by a ratio of 3 to one. Trading volume fell to 1.44 billion shares with investors sidelined.
My portfolio value declined in line with the FBM KLCI’s downtrend, with total returns decreasing by 0.08% to RM101,656.
The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 9.8%, and has registered an annualised return of 3.9%.
Total profits currently stand at RM1,656.
Shares for Willowglen MSC fell marginally to 76.5 sen while Crescendo was unchanged on Tuesday.
I kept the portfolio unchanged.
http://www.theedgemarkets.com
