Update: Interest Rate Fears
June 13th 2007 10:37
Wednesday Market Wrap Up
The respite from last week fear of a global interest rate hike was short lived as another round of US bond yields rise created a stimulus for a global stocks decline. China was in the news this time as the Chinese central bank shift its huge foreign exchange reserves away from US Treasury bonds to equity-related investments. Locally, the market fell by nearly 1% on the same global worry in addition to weaker base metal prices. The ASX S&P 200 benchmark index shed 50.5% to 6,180.7 points.
Portfolio Wrap Up
Portfolio 701* (January, 2007)
As at 13 June 2007
Return: 13.49%
Profit: $5,985 **
Closing Value: $59,185
Portfolio 1.5-EW* (August, 2006)
As at 13 June 2007
Return: 52.71%
Profit: $17,557 **
Closing Value: $53,474
Note: The share composition of Portfolio 1.5-EW was changed on 5th June 2007, from 31 shares to 30 shares, as Lion Ore Minerals (LIM) was officially delisted from the ASX as proposed by the company. As a result the portfolio liquidated 1000 shares of LIM at the closing price of $13.72 and made a profit of $24,560 after deducting two-rounds transaction cost of $60. The shares were bought at $7.10 on 21st August, 2006.
** after brokerage cost of $30 per trade
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*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 respite from last week fear of a global interest rate hike was short lived as another round of US bond yields rise created a stimulus for a global stocks decline. China was in the news this time as the Chinese central bank shift its huge foreign exchange reserves away from US Treasury bonds to equity-related investments. Locally, the market fell by nearly 1% on the same global worry in addition to weaker base metal prices. The ASX S&P 200 benchmark index shed 50.5% to 6,180.7 points.
Portfolio Wrap Up
Portfolio 701* (January, 2007)
As at 13 June 2007
Return: 13.49%
Profit: $5,985 **
Closing Value: $59,185
Portfolio 1.5-EW* (August, 2006)
As at 13 June 2007
Return: 52.71%
Profit: $17,557 **
Closing Value: $53,474
Note: The share composition of Portfolio 1.5-EW was changed on 5th June 2007, from 31 shares to 30 shares, as Lion Ore Minerals (LIM) was officially delisted from the ASX as proposed by the company. As a result the portfolio liquidated 1000 shares of LIM at the closing price of $13.72 and made a profit of $24,560 after deducting two-rounds transaction cost of $60. The shares were bought at $7.10 on 21st August, 2006.
** after brokerage cost of $30 per trade
Make a Donation. Thank You.
*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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