Tong’s momentum portfolio - Nov 4, 2014

-A +A

tong_masthead_theedgemarketsTHE Dow Jones Industrials Average and S&P 500 indices had closed last Friday at record highs, joined by a rally in Asian and European shares that was driven by the Bank of Japan ’s decision to unexpectedly expand its stimulus measures.

However, while Japan’s stock market extended its rally on Monday, regional bourses posted a mixed performance as investors started to lock in gains.

My portfolio value increased by 0.12% to RM 107,359, diverging from the FBM KLCI’s 0.3% fall.

Total returns for the portfolio increased from 7.2% to 7.4%.

The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 9.4%, and has registered an annualised return of 22.6%.

Total profits currently stand at RM 7,359.

The top gainer for the portfolio on Monday was KSL Holdings, up 3.8%. Crescendo Corporation do declined 0.7%, while the others were unchanged.

I bought 3,900 shares of poultry player Teo Seng Capital Bhd at RM2.52 yesterday, following the pick-up in trading momentum.

I sold my entire stake in Homeritz Corporation Bhd, which amounted to 11,200 shares at RM 0.84 per share. The investment here has yielded a return of 5% compared with my average purchase price of RM 0.80 per share.

tong_04nov2014_theedgemarkets

This article first appeared in The Edge Financial Daily, on November 4, 2014.