Tong’s Momentum Portfolio - Feb 25, 2015
THE FBM KLCI rose 9.29 points or 0.51% to 1,818.68 yesterday, lifted largely by a 6.2% increase in the share price of index constituent MISC Bhd . Overall market breath, however, was more mixed, with gainers outpacing decliners by a very slim 1.1-to-1 ratio
The Dow Jones Industrial Average dipped 0.13% to 18,116.84 while S&P 500 ended flattish at 2,109.66 on Monday. Asian shares crept higher as Japan’s Nikkei hit yet another 15-year high while investors await U.S. Federal Reserve Chair Janet Yellen’s testimony to Congress later in the day.
Oil prices continued to slide with Brent crude and WTI crude trading at US$58.69 and US$48.86 per barrel respectively at the point of writing.
Based on our proprietary momentum algorithm, I added shares in the following companies yesterday, as they exhibited positive momentum:
• Ecofirst: 29,000 shares at 34 sen
• Elsoft: 5,000 shares at RM1.82
• Homeritz: 8,500 shares at RM1.15
• London Biscuits : 12,500 shares at 79.5 sen
• Supercomet: 72,000 shares at 13.5 sen
I also disposed my entire stake in Wintoni Group and Diversified Gateway , registering a total loss of RM570. The momentum for these stocks had turned negative yesterday, according to the algorithm. I continue to hold on to Hovid (unchanged).
My portfolio now has a total value of RM102,002.50 and is up 2.0% on the initial capital of RM100,000. It has outperformed the KLCI FBM by 5.9%.
http://www.theedgemarkets.com
THE FBM KLCI rose 9.29 points or 0.51% to 1,818.68 yesterday, lifted largely by a 6.2% increase in the share price of index constituent MISC Bhd . Overall market breath, however, was more mixed, with gainers outpacing decliners by a very slim 1.1-to-1 ratio
The Dow Jones Industrial Average dipped 0.13% to 18,116.84 while S&P 500 ended flattish at 2,109.66 on Monday. Asian shares crept higher as Japan’s Nikkei hit yet another 15-year high while investors await U.S. Federal Reserve Chair Janet Yellen’s testimony to Congress later in the day.
Oil prices continued to slide with Brent crude and WTI crude trading at US$58.69 and US$48.86 per barrel respectively at the point of writing.
Based on our proprietary momentum algorithm, I added shares in the following companies yesterday, as they exhibited positive momentum:
• Ecofirst: 29,000 shares at 34 sen
• Elsoft: 5,000 shares at RM1.82
• Homeritz: 8,500 shares at RM1.15
• London Biscuits : 12,500 shares at 79.5 sen
• Supercomet: 72,000 shares at 13.5 sen
I also disposed my entire stake in Wintoni Group and Diversified Gateway , registering a total loss of RM570. The momentum for these stocks had turned negative yesterday, according to the algorithm. I continue to hold on to Hovid (unchanged).
My portfolio now has a total value of RM102,002.50 and is up 2.0% on the initial capital of RM100,000. It has outperformed the KLCI FBM by 5.9%.
http://www.theedgemarkets.com
