Friday 29 Mar 2024
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ON Tuesday, the FBM KLCI extended its losses in line with the fall in most regional markets.

Investor’s sentiment remained guarded on Tuesday, following weak European manufacturing data in October coupled with signs of slower growth in China.

My portfolio value decreased by 0.41% to RM 106,914, roughly in line with FBM KLCI’s decline of 0.32%, while total returns for the portfolio declined from 7.4% to 6.9%.

The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 9.3%, and has registered an annualised return of 22.6%.

Total profits currently stand at RM 6,914.

The top gainer for the portfolio on Tuesday was Willowglen MSC, up 1.8%. The stocks that lost ground were KSL (-0.6%), Crescendo (-0.7%), and Teo Seng Capital (-1.2%).

I bought the following stocks following a pickup in trading momentum as highlighted by the algorithm.

The write ups on these stocks are featured on the ‘Stocks with momentum’ page.

HIL Industries Bhd: 10,400 shares
at   RM0.765.

IQ Group Bhd: 5,400 shares at RM1.85.

Sunway Bhd: 3,000 shares at RM3.45.

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This article first appeared in The Edge Financial Daily, on November 5, 2014.

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