Update: First gravity
January 6th 2007 12:30
What goes up must come down and the gravity was applied to the market for the first time in 2007 on Thursday. By Friday, the 5th of January, 2007, the ASX S&P 200 benchmark index closed 12.8 points lower to 5572.0 points. An unusual display of southward heading of oil price, metal price and gold price caused the local resource sector to drag down the market. Weak leads from across the US added the negativities further.
The negatives did not just hit the market alone. From a high of 40.58% or $59,208 recorded on the first Tuesday of the year, Benkaiser.NET Investment Portal's Portfolio 1.5 - EW* took a plunge of 5.44% since then as data from Friday closing shows. The returns from the portfolio dropped 1.11% from Thursday's 36.25% to 35.14% on Friday.
The gainers are in yellow
A total of 18 gainers and 13 losers ended the week for the portfolio. Current after-cost profits stand at $13,872 and its market value at $56,919.
*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 negatives did not just hit the market alone. From a high of 40.58% or $59,208 recorded on the first Tuesday of the year, Benkaiser.NET Investment Portal's Portfolio 1.5 - EW* took a plunge of 5.44% since then as data from Friday closing shows. The returns from the portfolio dropped 1.11% from Thursday's 36.25% to 35.14% on Friday.
The gainers are in yellow
A total of 18 gainers and 13 losers ended the week for the portfolio. Current after-cost profits stand at $13,872 and its market value at $56,919.
*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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