Thursday 28 Mar 2024
By
main news image

tong_masthead_theedgemarkets

TOTAL value for my portfolio remained unchanged at RM97,639.70 on Monday, after I bought Scan Associates. The stock closed at my acquisition price of 13 sen. By comparison, the FBM KLCI rose 0.47% to 1,821.83. Market breadth was slightly positive with gainers outpacing decliners by a ratio of 1.04 to 1.

Regional markets mostly traded higher, following gains. on Wall Street last Friday. The Dow and the S&P 500 indices rose 0.19% and 0.24%, respectively. The Shanghai Composite Index led the gainers in Asian markets, rising 2.59% to 3,786.57. Elsewhere, Japan’s Nikkei 225 index increased 0.65% while the Hang Seng index rose 1.51%. 

Crude oil prices continued to decline with WTI futures trading around US$48 per barrel at the time of writing, due to weakening demand as well as concerns of additional supply from relaxation of Iran oil sanctions.

Meanwhile, the ringgit depreciated against the greenback to RM3.71, mainly due to falling crude oil prices.

My portfolio is down 2.4% since inception. Despite the loss, I am still outperforming the FBM KLCI, which is down by 3.7% over the same period.


• Portfolio will buy stocks with positive momentum on the day

• Stocks in portfolio will be divested when they exhibit negative momentum

• Otherwise, stocks will be divested within a max 4-day holding period

tong_31March2015_theedgemarkets

 

This article first appeared in The Edge Financial Daily, on March 31, 2015.

      Print
      Text Size
      Share