Update: First hole dug
January 3rd 2007 14:36
After two days of positive performance the market finally dug its first hole of the year. The ASX S&P 200 benchmark index fell 21 points to 5,649.3 points and 19 points for the All Ords.
The whole Wednesday trading session saw a decline lead by banks and resources sector. The resources and miners took a dive from an overnight softerning of commodity prices.
Benkaiser.NET Investment Portal's Portfolio 1.5 - EW* joined the market and took a hit by 1.05% lower to a return of 39.53% from yesterday's record high of 40.58%. Total value of the portfolio is currently standing at $58,767 and after-costs profits at $15,720, down by $441.
Wednesday's closing of the portfolio consists of 19 gainers and 12 losers.
On the aviation front, Melbourne's broadsheet The Age finally picked up the proposed alliance of three budget airlines alliance, comprise of AirAsia, Virgin and EasyJet, to be start up and based in Malaysia. Local airline industry analysts said that the threat would be low although there would be possibility of Virgin Blue being drawn into the alliance.
However, the Portal's view of the threat is otherwise.
*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 whole Wednesday trading session saw a decline lead by banks and resources sector. The resources and miners took a dive from an overnight softerning of commodity prices.
Benkaiser.NET Investment Portal's Portfolio 1.5 - EW* joined the market and took a hit by 1.05% lower to a return of 39.53% from yesterday's record high of 40.58%. Total value of the portfolio is currently standing at $58,767 and after-costs profits at $15,720, down by $441.
The gainers are in yellow.
Wednesday's closing of the portfolio consists of 19 gainers and 12 losers.
On the aviation front, Melbourne's broadsheet The Age finally picked up the proposed alliance of three budget airlines alliance, comprise of AirAsia, Virgin and EasyJet, to be start up and based in Malaysia. Local airline industry analysts said that the threat would be low although there would be possibility of Virgin Blue being drawn into the alliance.
However, the Portal's view of the threat is otherwise.
*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.
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