Friday 29 Mar 2024
By
main news image

AFTER a four day slump, regional stocks markets, including Malaysia’s, rebounded as the week came to a close.

Modest losses on Wall Street on Thursday — after intra-day steep declines and consecutive days of large losses — gave investors some relief and confidence.

Optimism that the worst of selling pressure may be over was further fuelled by firming futures for the major  US indices throughout Friday, and a strong open for European bourses.

As a result, my portfolio value rose strongly by 3.88% to RM102,166, outperforming the FBM KLCI which  increased by 1.16%.

Total returns for the portfolio returned back into positive territory, increasing from -1.7% to 2.2%.

The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI  by 7.7%.

Total gains currently stand at RM 2,166.

Last Friday, there were no losers in my portfolio.

All the stocks in my portfolio performed well, particularly ES Ceramics Technology Bhd (+10%) and Willowglen MSC Bhd (+9.8%).

On Friday, I decided to average down some of the existing stocks in my portfolio by purchasing more of the  following stocks:

Willowglen MSC Bhd: 11,000 shares at RM0.745 per share.

Homeritz Corporation Bhd: 5,600 shares at RM0.71 per share.

Crescendo Corporation Bhd: 3,000 shares at RM2.79 per share.

ES Ceramics Technology Bhd: 40,000 shares at RM0.16 per share.

tong_20Oct2014_theedgemarkets


This article first appeared in The Edge Financial Daily, on October 20, 2014.

      Print
      Text Size
      Share