Tuesday, March 31, 2015

Portfolio inches up 1.0% month-on-month

The portfolio ended the quarter on a positive note. The end-March value was SGD125,567 of which SGD 6,000 was in cash. The portfolio was 1.0% higher month on month and 4% higher on a year-to-date basis.

For the month of March, GMG Global and Super Group were the top performers adding 18.6% and 24.7% in share price respectively. Both companies reported poor results that were within expectations. Perhaps the worst is over for the two erstwhile battered down companies.
I added 20,000 shares of KrisEnergy to my portfolio. The oil company’s share took a big hit initially but with the airstrikes in Yemen, fears prompted the price of crude to rally and in turn boosting KrisEnergy’s share price.

I think this market still has some momentum. There has yet been an increase in IPO activity nor has there been market euphoria. Therefore, I think I will stay invested in the market and pickup any dividends that is being proposed.

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