The stock market has been moving sideways for the past month and is somewhat muted, especially if we compare it against the previous month. The much anticipated General Election and the mooted Fed rate hike has come and gone. And even though the PAP won big and there was eventually no rate hike in September, it’s still not enough to trigger the Straits Times Index to go back up to the 3,000 level.
However, I have been really active lately, especially during end Aug and the start of Sep. All the shares of Spindex was sold on 24 Aug as I tried to lock in some profits. At the price of 60 cents, this is a two-bagger in the bag. SGX was also sold early in the month @$7.45 as I tried to reduce the number of stocks in my portfolio. Part of the proceeds were used to purchase 2,500 ......