STI closes this month at around 2532 points, almost unchanged from last month. Investors are still undecided on the outlook ahead despite US Fed decision to keep interest rate low for a while. Speculative actions had been observed in small cap stocks though, as short term traders were rotating trading ideas among different stocks in a range bound market.
For my top 30 holdings, PM Data proposed a capital reduction exercise to return excess cash back to shareholders. iFAST and EnGro are the main movers in the list this month. iFAST continued its good run after it had received in-principle approval to carry out securities dealing in Malaysia. Tat Seng and LHT also returned to the list after reporting a decent set of half-year results. Frencken though, dropped out of the list after investors sold down the stock due to its less than impressive half-year results.
I have bought the following companies from the market this month...