Portfolio 701: Inching upwards
January 9th 2007 08:58
Admin: As of today all updates pertaining to portfolios and market updates will be filed under the category of Portfolio 701* as the main focus shifts away from the Portfolio 1.5 - EW*, although it is still under observation.
After falling for four days the market today finally managed to reverse its fortune as the resources bouce back. The ASX S&P 200 benchmark index added 87.7 points or 1.59% to a closing of 5,589.7 points.
The market spotlight went to Perth-based energy group, Alinta, of which its share price rose on the back of the news of a management buy-out.
Despite the positives, the mood of the market is rather shaky as analysts believe the market is currently reviewing the state of values.
On the portal's portfolio front, Portfolio 701*, remains in the negatives although it rose 0.03%. There are two gainers, two neutrals and five shares are struggling to recover the brokerage costs.
The portfolio's after-cost profits stand at -$1,575 and total value closed at $51,625 or a return level of -1.01%.
Crossing over to Portfolio 1.5 - EW*, it recovered 0.52% to a closing value of $56,509 or 34.17%. After-cost profits stand at $13,462. LIM top the day with a profit of $6,000 and ILU remain in its top loser position with a profit of -$880.
The Portal will soon conduct an analysis of the characteristics of Portfolio 701 in relation to the fundamental technicality factor employed for selecting the shares.
*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.
---
After falling for four days the market today finally managed to reverse its fortune as the resources bouce back. The ASX S&P 200 benchmark index added 87.7 points or 1.59% to a closing of 5,589.7 points.
The market spotlight went to Perth-based energy group, Alinta, of which its share price rose on the back of the news of a management buy-out.
Despite the positives, the mood of the market is rather shaky as analysts believe the market is currently reviewing the state of values.
On the portal's portfolio front, Portfolio 701*, remains in the negatives although it rose 0.03%. There are two gainers, two neutrals and five shares are struggling to recover the brokerage costs.
The portfolio's after-cost profits stand at -$1,575 and total value closed at $51,625 or a return level of -1.01%.
Crossing over to Portfolio 1.5 - EW*, it recovered 0.52% to a closing value of $56,509 or 34.17%. After-cost profits stand at $13,462. LIM top the day with a profit of $6,000 and ILU remain in its top loser position with a profit of -$880.
The Portal will soon conduct an analysis of the characteristics of Portfolio 701 in relation to the fundamental technicality factor employed for selecting the shares.
*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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