My Investment Portfolio (September 2022)
By My Investment Portfolio  •  September 30, 2022
STI ended 3rd quarter of the year at around 3130 points, down around 3% as compared to last month. Markets had been on Fed watch during the course of the month, with expectations on the eventual size of rate hike driving market movements. Fed eventually hiked rates by 75 basis points but indicated a more hawkish range as previously expected by markets. Locally, inflation numbers was higher than expected and coupled with the latest property cooling measures announced near the end of the month, added to market weakness and volatility. Interest rate sensitive stocks like REITs and property stocks were badly beaten down this month. It was certainly red ink all over the place, with few places to shelter. I have attended the following physical AGMs/EGMs/briefing this month - ABR Holdings. For my top 30 holdings this month, most stocks were in the red. Samudera Shipping was a big loser in the list, as investors were concerned on shipping rate...
Read the full article
By My Investment Portfolio
A self-directed investor, looking to invest for retirement needs and bypass all those expensive financial planners/insurance agents. Investing is fun, profitable or most important of all, knowledge gained is useful for the rest of your life!

Your email address will not be published.


Your Email Address will not be published

Read More Articles
More from thefinance