Tong’s Momentum Portfolio - Nov 14, 2014

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The FBM KLCI continued to drift lower on Thursday, led by losses in plantation counters the likes of Felda Global Ventures, Kuala Lumpur Kepong, Genting Plantations and IOI Corp on expectations of weaker earnings.

Regional markets also closed mixed. Sentiment was affected by weaker economic indicators out of China. The latest data showed the nation’s industrial output growth and retail sales slowed in October while fixed-asset investment growth slumped.

Persistent weakness in crude oil prices also kept investors on the sidelines. The benchmark Brent crude fell below US$80 per barrel, for the first time since 2010, after OPEC warned of an oversupply.

My portfolio value decreased by 0.46% to RM104,629, while the FBM KLCI declined by 0.02%.

Total returns for the portfolio declined from 5.1% to 4.6%.

The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 8.7%, and has registered an annualised return of 13.1%.

Total profits currently stand at RM4,629.

The gainers in my portfolio on Thursday were led by HIL Industries (+1.3%), Sunway (+1.9%), and KSL (+0.9%). The stocks that lost ground were IQ Group (-0.6%) and wWillow (-1.7%).



This article first appeared in The Edge Financial Daily, on November 14, 2014.