Delighted that STI rose 5% this week and my portfolio value was also buoyed by it. No prize for guessing what I did … “SELL” – to take some profit off.
My biggest trade this week was around DBS.
The rally on its share price was phenomenal, it gained almost 10% in a week. The best performer of the three local banks and maybe even among the STI index stocks too. Although I was tempted to retain it to receive an assured 3-4% dividend yield, I couldn’t help taking a bit of profit off the table. The rise was too sharp. #SGRally, #DBS, #TradingAroundCore
I didn’t sell my OCBC and UOB though. And for those who followed my blog, OCBC has now overtaken Ascendas Reit as my #1 holding.
The other major activities was to take some capital back from oil related stocks in US. Yes it’s capital not profit.