Wednesday, August 31, 2011

31 August 2011

Stock market has been extremely volatile in August. Since beginning of the month, the global market retreated due to Eurozone debt crisis and US credit down grade. though the US market rallied towards the end of the month in anticipation of the Fed pushing out stimulant packet (QE3), it did not manage to recover the lost.

STI swung wildly with the global market. Despite good corporate results reported, STI lost almost 10% in the month of August, and settled at 2885.26 on 31 August. My portfolio dropped with the index and its value suffered a 10% loss in August(net of new investment).

I bought Sabana Reit and AIMSAMPIReit when their price dropped. I also bought SGX shares and participated in Mappletree Industrial Reit right issue. I received S$8,600 of dividend in this month.

Market is likely to remain volatile in the coming months. While sitting tight to ride through the volatility, I will continue to invest spare cash in defensive stocks with high yield. I will participate in CitySprings right issue, and DBS script dividend scheme next month.

Below are the top 30 listings. AimSampIReit replaces Transpac due to new purchase. SGX jumped up also due to new top-up. Cosco and Yangzijiang have suffered price drop.

1. SPH
2. OCBC Bk
3. Semb Corp
4. DBS
5. ComfortDelGro
6. SP AusNet
7. F & N
8. ST Engineering
9. Starhub
10. SGX
11. MetroHldg
12. SIA
13. FraserComm
14. Kep Corp
15. SembMar
16. DBS STI ETF 100
17. MacqIntInfra
18. Noble Group
19. MapletreeLog
20. SATS
21. CapitaLand
22. CitySpring
23. CapitaComm
24. FrasersCT
25. CoscoCorp
26. AscottReit
27. KS Energy
29. SingTel
30. Yangzijiang