Tong’s Momentum Portfolio - Feb 16, 2015
On Friday, the Hong Kong Hang Seng Index gained 1.07% while the Shanghai Stock Exchange Composite Index rose 0.96%. Australia emerged the region’s top gainer with the ASX 200 advancing 2.33%.
Crude oil prices traded higher on Friday, with Brent crude surging as much as US$4 since Thursday to US$60.49 per barrel at the point of writing. WTI registered milder gains, hovering around US$52 per barrel.
Closer to home, the benchmark FBM KLCI rose 0.66% to 1,800.95, with sentiment aided by the rise in oil prices as well as the ringgit. Against the USD, the ringgit recovered from near RM3.63 to around RM3.57 on Friday evening.
On Friday, I added shares in the following companies which were picked by our algorithm after exhibiting positive momentum.
IQ Group: 4,800 shares at RM2.05.
Pharmaniaga ( Financial Dashboard): 2,000 shares at a weighted average price of RM4.958.
Poh Huat: 4,700 shares at RM2.12.
V.S.: 2,500 shares at RM3.97.
I disposed of my entire stake in TMCLife, Hovid, Hexza and Evergreen, registering a total loss of RM143.
I continue to hold on to MPI (-1.4%).
My portfolio gained 1.9% since inception, and has outperformed the benchmark KLCI by 6.8%.
This article first appeared in The Edge Financial Daily, on February 16, 2015.
http://www.theedgemarkets.com
On Friday, the Hong Kong Hang Seng Index gained 1.07% while the Shanghai Stock Exchange Composite Index rose 0.96%. Australia emerged the region’s top gainer with the ASX 200 advancing 2.33%.
Crude oil prices traded higher on Friday, with Brent crude surging as much as US$4 since Thursday to US$60.49 per barrel at the point of writing. WTI registered milder gains, hovering around US$52 per barrel.
Closer to home, the benchmark FBM KLCI rose 0.66% to 1,800.95, with sentiment aided by the rise in oil prices as well as the ringgit. Against the USD, the ringgit recovered from near RM3.63 to around RM3.57 on Friday evening.
On Friday, I added shares in the following companies which were picked by our algorithm after exhibiting positive momentum.
IQ Group: 4,800 shares at RM2.05.
Pharmaniaga ( Financial Dashboard): 2,000 shares at a weighted average price of RM4.958.
Poh Huat: 4,700 shares at RM2.12.
V.S.: 2,500 shares at RM3.97.
I disposed of my entire stake in TMCLife, Hovid, Hexza and Evergreen, registering a total loss of RM143.
I continue to hold on to MPI (-1.4%).
My portfolio gained 1.9% since inception, and has outperformed the benchmark KLCI by 6.8%.
This article first appeared in The Edge Financial Daily, on February 16, 2015.
http://www.theedgemarkets.com
