Friday 26 Apr 2024
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ON Thursday, the FBM KLCI continued its relentless decline, in line with the slump in regional markets.

Equities in Europe pared initial gains, as investors stayed on the sidelines ahead of the European Central Bank’s monetary policy decision.

Asian shares and commodities also tumbled on lingering concerns over slower global growth and softer Chinese data, although Wall Street advanced on expectation of a monetary easing in Europe.

My portfolio value decreased slightly by 0.08% to RM 106,030, less than the FBM KLCI’s fall of 0.4%, while total returns for the portfolio dropped from 6.1% to 6.0%.

The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 9.2%, and has registered an annualised return of 18.0%.

Total profits currently stand at RM 6,030.

The gainers for the portfolio on Thursday were HIL Industries (+1.9%) and Teoseng Capital Bhd (+1.2%).The stocks that lost momentum were the property developers, namely KSL (-1.7%), Sunway (-1.2%), and Crescendo (-0.7%).

I kept the portfolio unchanged on Thursday.

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This article first appeared in The Edge Financial Daily, on November 7, 2014.

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