Friday 29 Mar 2024
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THE FBM KLCI ended marginally lower on Tuesday at 1,789.73 points despite trading in positive territory for the better part of the day. Sentiment remained cautious, on prevailing uncertainties such as 1MDB and Selangor water issues. The ringgit weakened to RM3.70 against the greenback and is now near the previous lows in March 2009.

Most regional markets too closed in the red despite the overnight rebound in US stocks, which was boosted by merger and acquisition activities. European stock markets opened weaker as detailed negotiation is set to resume between Greece and representatives of the troika on its bailout programme. Without further bailout money, Greece runs the risk of a shortfall in cash by the end of the month.

Yesterday, I sold my shares in the following companies.

Cam Resources Bhd: 25,900 shares at 40.5 sen.

SCGM Bhd: 4,000 shares at RM 2.49.

I also bought into the following company:

Flonic Bhd: 153,800 shares at 6.5 sen.

My portfolio, which started with RM100,000 has a total value of RM101,105 since inception, and has outperformed the benchmark KLCI by 6.5%.

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This article first appeared in The Edge Financial Daily, on March 11, 2015.

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