It is a nice change after several week of losses to see “Greens” emerging on my Singapore and Hong Kong portfolios again.

The Hang Seng and Strait Times Index gained about 2% each. While the gain on my Hong Kong stocks was more broad-based, this is not the case for my Singapore portfolio. The 3 local banks led the gain in STI.

Relative to STI, the beta of my Singapore portfolio was 0.5 (calculated by Stockcafe), i.e. for every 1% gain/loss in STI, my portfolio valuation will move 0.5% up/down respectively. Hence, my gain was modest and none of my top holdings move significantly. On the overall basis, I am glad that the momentum was sustained and maybe we will see more broad-based gain here this week.

Following on my last week post, I didn’t manage to get hold of any IREIT last week as it hung on persistently to 75 cents