AFTER a four day slump, regional stocks markets, including Malaysia’s, rebounded as the week came to a close.
Modest losses on Wall Street on Thursday — after intra-day steep declines and consecutive days of large losses — gave investors some relief and confidence.
Optimism that the worst of selling pressure may be over was further fuelled by firming futures for the major US indices throughout Friday, and a strong open for European bourses.
As a result, my portfolio value rose strongly by 3.88% to RM102,166, outperforming the FBM KLCI which increased by 1.16%.
Total returns for the portfolio returned back into positive territory, increasing from -1.7% to 2.2%.
The portfolio started on 8 July 2014 with a capital of RM100,000. Since then, it has outperformed the FBM KLCI by 7.7%.
Total gains currently stand at RM 2,166.
Last Friday, there were no losers in my portfolio.
All the stocks in my portfolio performed well, particularly ES Ceramics Technology Bhd (+10%) and Willowglen MSC Bhd (+9.8%).
On Friday, I decided to average down some of the existing stocks in my portfolio by purchasing more of the following stocks:
Willowglen MSC Bhd: 11,000 shares at RM0.745 per share.
Homeritz Corporation Bhd: 5,600 shares at RM0.71 per share.
Crescendo Corporation Bhd: 3,000 shares at RM2.79 per share.
ES Ceramics Technology Bhd: 40,000 shares at RM0.16 per share.
This article first appeared in The Edge Financial Daily, on October 20, 2014.