Tong’s Momentum Portfolio - Dec 19, 2014
ASIAN equities mostly rose yesterday, in tandem with overnight US markets. Investor sentiment was lifted after the Fed stated it will hold rates near zero, at least through the first quarter of 2015.
The Dow Jones Industrial Average and S&P 500 closed up 1.7% and 2.0%, respectively. Bucking the regional uptrend, the Shanghai Composite Index declined 0.11% as the Chinese Yuan fell to a 6-month low.
Oil prices continued to be volatile, swinging between gains and losses. WTI crude settled 1.0% higher at $56.47 per barrel, after surging as much as 5.5% earlier. Brent crude touched a low of $58.71 per barrel before closing up 1.9% to $61.18 per barrel.
On the home front, stocks traded broadly higher for the second consecutive day, supported by a rebound in oil and gas stocks. The FBM KLCI index surged by 1.07% to close at 1,699.95, while my portfolio value increased by 0.18% to RM100,489.90.
Market breadth was positive with gainers outweighing losers 4.2 to one.
The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 10.7%, registering an annualised return of 1.1%.
Total profits currently stand at RM489.90.
The portfolio currently only has one stock, Willowglen, which closed 2 sen higher at 68 sen.
I kept the portfolio unchanged.
http://www.theedgemarkets.com
ASIAN equities mostly rose yesterday, in tandem with overnight US markets. Investor sentiment was lifted after the Fed stated it will hold rates near zero, at least through the first quarter of 2015.
The Dow Jones Industrial Average and S&P 500 closed up 1.7% and 2.0%, respectively. Bucking the regional uptrend, the Shanghai Composite Index declined 0.11% as the Chinese Yuan fell to a 6-month low.
Oil prices continued to be volatile, swinging between gains and losses. WTI crude settled 1.0% higher at $56.47 per barrel, after surging as much as 5.5% earlier. Brent crude touched a low of $58.71 per barrel before closing up 1.9% to $61.18 per barrel.
On the home front, stocks traded broadly higher for the second consecutive day, supported by a rebound in oil and gas stocks. The FBM KLCI index surged by 1.07% to close at 1,699.95, while my portfolio value increased by 0.18% to RM100,489.90.
Market breadth was positive with gainers outweighing losers 4.2 to one.
The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 10.7%, registering an annualised return of 1.1%.
Total profits currently stand at RM489.90.
The portfolio currently only has one stock, Willowglen, which closed 2 sen higher at 68 sen.
I kept the portfolio unchanged.
http://www.theedgemarkets.com
