A massive plunge and a breather
September 12th 2006 14:07
A testimony of how heavily skewed is the Portfolio 1.5 - EW to the resource sector, a check on the portfolio hours before closing today revealed a massive plunge of nearly $2,000 and then finally, to our relief, closed at $2,193 from $3,031 yesterday. A lost of 27.65%. Current value of the portfolio is standing at 7.42%. The ASX S&P 200 benchmark index fell by 1.0% led by a plunge in the resource sector, that even caught analysts by surprise.
Addin more to doom to it, over the weekend, there were a couple of reports by investment bank heavyweights such as Morgan Stanley stating that the resource boom for Australia could be nearing its end. Could this mean future interest rate could be on hold as capital investment are expected to decline? Maybe.
As a teaser, the portfolio's stocks were selected based on "fundamental technicalities factor".
Addin more to doom to it, over the weekend, there were a couple of reports by investment bank heavyweights such as Morgan Stanley stating that the resource boom for Australia could be nearing its end. Could this mean future interest rate could be on hold as capital investment are expected to decline? Maybe.
Winner stocks are highlighted in yellow.
As a teaser, the portfolio's stocks were selected based on "fundamental technicalities factor".
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