Sunday 3 April 2016

Market choppy, but slowly up

Though there was less update from us about the market lately, it doesn't mean we are on holiday again. We were spending some time in property hunting.

The market was choppy in the entire March month, but it was slowly inching up. The range for March Hang Seng Index Futures was traded between 18993-20891 (1898). The active futures contract is now April, with the day range between 20453-20835 (382), closed at 20499, lost 278 points on Friday evening due to profit taking before long weekend. Cash market settled at 20498.92, lost 277.78 or 1.34 percent. In Malaysia, cash market closed at 1710.55, down 7.03 points on last Friday. April futures contract lost 8 points, finished at 1704.50. 

We've added Emperor Capital (HK:717), one of the leading broker house in Hong Kong into our portfolio, and also Cash Finance Ser GP (HK:510). We are looking forward to add in a few holdings when market retraced and glad to hear about dividend payout from a few companies we are currently holding.


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