ON Thursday, the FBM KLCI closed in the red amid profit taking after registering gains for the previous three days. More than two stocks dropped for each one that rose, weighed down by blue chips such as Tenaga Nasional Bhd, Telekom Malaysia Bhd and Felda Global Ventures Holdings Bhd.

Asian stock markets fell, led by Japanese and Hong Kong stocks, on lower oil prices ahead of the OPEC meeting as there is anticipation that member nations would not cut output to support prices. European and US stocks were more positive. The former extended a rally to two-month highs as German jobless claims fell to a record low, while the latter improved with renewed consumer confidence ahead of the Thanksgiving and Christmas holidays.

The FBM KLCI fell by 0.67% to close at 1,829.9.

 My portfolio returns fell by a comparatively smaller margin, declining by 0.39% to RM 102,969.40.

The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 6.3%, and has registered an annualised return of 7.6%.

Total profits currently stand at RM 2,969.

After selling a large portion of my portfolio last Wednesday, I am now 36% invested and hold only two stocks, namely Willowglen (unchanged yesterday) and Crescendo(down 1.8% yesterday).

This article first appeared in The Edge Financial Daily, on November 28, 2014.