STI ended November 2022 at 3290 points, advancing around 6% as compared to last month. Markets had turned positive this month mainly because of softer than expected US CPI numbers, which might allow Fed to slower their rate hikes. Resurgence of Covid-19 cases and demonstrations in China plus worries about a recession though, capped the market upside.
For my top 30 holdings this month, iFAST returned to the top of the list after a decent performance this month. Other main movers include Samudera Shipping and Global Testing. The two REITs in the list also did well. Haw Par, however dropped out of the list due to weaker relative performance as compared to other stocks in the list.
I have bought the following companies from the market this month - Amara, AP Oil, Bonvests, Credit Bureau Asia, Frasers Property, Global Investments, Heeton, Hongkong Land, Hotel Grand Central, Hotung, IPC, Jardine Matheson, Khong Guan, Kingsmen, Koh Brothers, LHT, Lum Chang
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