Update: Down again
January 8th 2007 08:19
Are we seeing a correction in the market, on its way to reflect values closer to the fundamentals? Perhaps, as the market went south for the fourth day.
The ASX S&P 200 benchmark index shed 1.7% or 70 points to a closing of 5,502 points. The resources stocks dragged the market down on the back of continuing softening of commodity prices. Traditional defensive stocks were not able to sustain the negative momentum as sell down of resource stocks gained grounds.
Portfolio 1.5 - EW* took another plunge further today. It underperformed the market by 0.19% or a suffered a fall of -1.49% to a closing return level of 33.65%.
As of today, all porfolios shown on the Portal will use a new format which includes stock profiles such as P/E ratio, Market Capitalisation, Percentage changed and Dividend Payable Date. The new features could help in identifying the various crucial factors affecting share prices.
Closing value of the portfolio stands at $56,289 while after-cost profits closed $630 lower to $13,242. The biggest gainer to date, in terms of percentage, is MRA with 97.12%.
Moving away from the update, the Portal has completed forming a new portfolio consisting of 35 stocks, based on the same factor, "fundamental technicality", used by Portfolio 1.5 - EW. Howerver, the new Portfolio 701 was formed on a more concrete basis as positive momentum from mid-November to the closing of 2006, was taken into account.
Stay tune as the new list of stocks will be posted up shortly.
*Disclosure
NOT SPECIFIC INVESTMENT ADVICE
This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person.
The blogger makes no recommendations as to the merits of any investment opportunity referred to in its website. It is advisable to obtain specific investment advice before making anyinvestment decisions relying on the information provided. While the information available in this publication is obtained from sources believed to be reliable, the blogger gives no assurances or guarantees that the information is accurate, complete or current.
The information is provided for informational purposes only and not intended to constitute legal, financial or professional advice. It has no regard to the investment objectives or circumstances (financial or otherwise) of particular recipients, and is not an exhaustive outline of available investment opportunities.
Appropriate professional advice should be obtained prior to acting on any information contained in this publication. The blogger will not be liable for any loss or damage incurred by any person directly or indirectly as a result of reliance on the information contained in this publication.
PAST RESULTS
Any past results shown or mentioned in any of our reports or web pages do not guarantee future performance.
ACCURACY OF DATA
Whilst all information on this site is believed to be accurate, we take no responsibility and give no assurances that it is accurate. We advise that you to double check any
data before acting upon this information.
The ASX S&P 200 benchmark index shed 1.7% or 70 points to a closing of 5,502 points. The resources stocks dragged the market down on the back of continuing softening of commodity prices. Traditional defensive stocks were not able to sustain the negative momentum as sell down of resource stocks gained grounds.
Portfolio 1.5 - EW* took another plunge further today. It underperformed the market by 0.19% or a suffered a fall of -1.49% to a closing return level of 33.65%.
As of today, all porfolios shown on the Portal will use a new format which includes stock profiles such as P/E ratio, Market Capitalisation, Percentage changed and Dividend Payable Date. The new features could help in identifying the various crucial factors affecting share prices.
The gainers are in yellow.
Closing value of the portfolio stands at $56,289 while after-cost profits closed $630 lower to $13,242. The biggest gainer to date, in terms of percentage, is MRA with 97.12%.
Moving away from the update, the Portal has completed forming a new portfolio consisting of 35 stocks, based on the same factor, "fundamental technicality", used by Portfolio 1.5 - EW. Howerver, the new Portfolio 701 was formed on a more concrete basis as positive momentum from mid-November to the closing of 2006, was taken into account.
Stay tune as the new list of stocks will be posted up shortly.
*Disclosure
NOT SPECIFIC INVESTMENT ADVICE
This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person.
The blogger makes no recommendations as to the merits of any investment opportunity referred to in its website. It is advisable to obtain specific investment advice before making anyinvestment decisions relying on the information provided. While the information available in this publication is obtained from sources believed to be reliable, the blogger gives no assurances or guarantees that the information is accurate, complete or current.
The information is provided for informational purposes only and not intended to constitute legal, financial or professional advice. It has no regard to the investment objectives or circumstances (financial or otherwise) of particular recipients, and is not an exhaustive outline of available investment opportunities.
Appropriate professional advice should be obtained prior to acting on any information contained in this publication. The blogger will not be liable for any loss or damage incurred by any person directly or indirectly as a result of reliance on the information contained in this publication.
PAST RESULTS
Any past results shown or mentioned in any of our reports or web pages do not guarantee future performance.
ACCURACY OF DATA
Whilst all information on this site is believed to be accurate, we take no responsibility and give no assurances that it is accurate. We advise that you to double check any
data before acting upon this information.
| 57 |
| Vote |
Subscribe to this blog
