TOTAL value for my portfolio remained unchanged at RM97,978.80 on Wednesday. By comparison, the FBM KLCI fell 0.24% to close at 1,826.31. Market breadth was negative with decliners outpacing gainers by a ratio of 1.6 to 1.
Regional markets traded mixed on Wednesday, following the weak lead from US stocks. The Dow Jones Industrial Average and the S&P 500 indices fell 1.11% and 0.88%, respectively.
The Shanghai Composite Index led the gainers in Asian markets, rising 1.66% while the Hang Seng index gained 0.73%. On the other hand, Japan’s Nikkei 225 index fell 0.90%. Stocks in Indonesia also closed broadly lower while Singapore’s STI ended flat.
Crude oil prices remained weak with WTI futures trading around US$47 per barrel, at the time of writing, on expectations of a deal on Iran’s nuclear programme, which will result in increased oil export from the country.
Meanwhile, the ringgit appreciated slightly against the greenback, at just under RM3.70.
My portfolio is down 2.0% since inception. Despite the loss, I am still outperforming the FBM KLCI, which is down by 3.5% over the same period.
Due to some technical issues, this column will be put on hold for the time being. We will resume its publication once the technicalities are ironed out.
This article first appeared in The Edge Financial Daily, on April 2, 2015.