At the beginning of October, someone speculated if there would bea big plunge of share prices in this month, as there had been similar incidents in October in the history. Fortunately, nothing serious happened. This October was a quite month for equity market. Investors may be waiting for the result of US presidential election. Daily price movement of stock prices has been slow. At the end of the month, STI dropped 22 points (0.72) to end at 3038.37.
My portfolio did slightly better. Its value rose 0.25% in the month. I didn't buy any stock as I was busy with my work (perhaps also waiting at the sideline). I subscribed to the right issues of Raffles Education and Sing Investment). I did not participate in the IPOs this month. I received a total of S$3,715 dividend income.
Going forward, I will continue to build up my cash portion and look for good investment opportunities. Waiting may be the game plan at this moment.
Below are the top 30 holding as at 31 October 2012. Not much movement in there, except at thebottom of the table. Yangzijiang dropped off due to price drop, Sing Inv price dropped after XR. This two were replaced by Transpac and Cambridge.
2. F & N
3. Semb Corp
4. OCBC Bk
6. SP AusNet
8. ST Engineering
15. Nikko AM STI ETF 100
18. Kep Corp
26. Sabana Reit