On the last trading day of year 2015, Hang Seng Index closed at 21914.40. At today's closing, HSI closed at 20333.34 (-647.47). Hong Kong market lost 1581.06 points since first trading day of the year, a shock after China stock market being suspended twice within four trading days. For FBM KLCI, it closed at 1692.51 last year and today, finished at 1655.13 (-12.84); lost 37.38 points within a week.
It is not a good start for the year; but hey, keep calm and start hunting for bargain stocks. It is not a good week if you've invested in stocks since beginning of the year. But for trading, the wild swing presents opportunities to make money. Watch your risk, cut losses quickly if you're on the wrong side of the trade; don't be greedy and be prepare to take profit if you see paper profit in your trade. We are sure with these two rules in mind, this is a week full of trading and money making opportunities.
At this stage, it is hard to pick stocks as the global market sentiments is pessimistic and full of negative news. We think holding index related ETF ( Exchange Traded Funds) is more appropriate at this moment. The rebound in index will moves index ETF, but not all individual stocks will follow.
We think can keep an eye on Index related ETF such as HK2800-Tracker Fund of Hong Kong which tracks Hang Seng Index; HK3084- Value Japan ETF Fund that follows Japanese market, HK2822 or HK2823- if you think it is still alright to bet on China's upside and lastly in Malaysia, MY:0820EA and MY:0823EA, ETF that tracks Malaysia and Hong Kong's benchmark index.
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