Tong’s Momentum Portfolio - April 1, 2015
April 1, 2015 : 10:36 AM MYT
TOTAL value for my portfolio improved to RM 98,002.23 on Tuesday, after I sold Scan Associates Bhd for a profit of 3.8%. Meanwhile, the FBM KLCI gained 0.49% today to 1,830.78. Market breadth was, however, mixed with an almost equal number of gainers and decliners.
Regional markets were mostly up yesterday, tracking the gains on Wall Street, where the S&P 500 and The Dow Jones Industrial Average indices had surged 1.22% and 1.49% respectively. European stocks rallied, after German unemployment fell to a record low. China stocks on the other hand dropped on foreign selling following the release of preliminary manufacturing data, which missed estimates.
In other news, crude oil futures continued to stay low at US$ 47 per barrel at the time of writing on concerns of growing supply.
The ringgit improved slightly to RM 3.70 against the greenback. However, market sentiment continues to be weighed down by the impending GST and 1MDB’s debt concerns.
My portfolio is down 2.0% since inception. Despite the loss, I am still outperforming the FBM KLCI, which lost 3.3% over the same period.
This article first appeared in The Edge Financial Daily, on April 1, 2015.
http://www.theedgemarkets.com
April 1, 2015 : 10:36 AM MYT
TOTAL value for my portfolio improved to RM 98,002.23 on Tuesday, after I sold Scan Associates Bhd for a profit of 3.8%. Meanwhile, the FBM KLCI gained 0.49% today to 1,830.78. Market breadth was, however, mixed with an almost equal number of gainers and decliners.
Regional markets were mostly up yesterday, tracking the gains on Wall Street, where the S&P 500 and The Dow Jones Industrial Average indices had surged 1.22% and 1.49% respectively. European stocks rallied, after German unemployment fell to a record low. China stocks on the other hand dropped on foreign selling following the release of preliminary manufacturing data, which missed estimates.
In other news, crude oil futures continued to stay low at US$ 47 per barrel at the time of writing on concerns of growing supply.
The ringgit improved slightly to RM 3.70 against the greenback. However, market sentiment continues to be weighed down by the impending GST and 1MDB’s debt concerns.
My portfolio is down 2.0% since inception. Despite the loss, I am still outperforming the FBM KLCI, which lost 3.3% over the same period.
This article first appeared in The Edge Financial Daily, on April 1, 2015.
http://www.theedgemarkets.com
