My second Purchase in 2015 is CIMB at 5.50RM.
Overall KLSE closed 20points higher at 1781 in month of January.
KLSE likely on the selling pressure for this coming CNY 2015!? Looks like the economic engine not really start up despite numbers of QE continued roll out one by one; the recent is ECB QE. All banks still maintain interest rate at rock bottom and some even near zero.
I guess QE is bad for economy, huh!? Oil price perhaps could be a good indication.
My first purchase in 2015 is PBBANK. I bought 500 units at RM17.80 and its shares likely to go down again due to bank negara introduces new base rate which increases the competitiveness in the banking sectors.
And it is also due to the market sentiment, making most of the stocks will continue to head south. Good news to me that i can start to accumulate more and average down.
Wow, the company declared Special Single-Tier Dividend of RM2.65 per ordinary share of RM0.10 each for the financial year ending 31 December 2014 and the payment date is on 24th December, today the stock shoots sky high from low of RM0.275 to RM0.535 after the dividend payout; which about 94% gain. This is because of major shareholders changing hands or inside news? Refer here for detail.
But I love this stock so much! I bought this stock few years back at RM1.11 for 5000 units. Later, it was split 1 to 2 in 2013. Hence, my total holding of 5000 units has became 10,000 units.
Stocks that I bought this year with average price
- PPB @$14.22
- PWROOT @$1.49
- AEON @$2.99
- CIMB @$5.84
- BAT @$66.90
- GAB @$13.87
- BJTOTO @$3.69
- PBBANK @$18.69
- XINQUAN @$0.548
- DLADY @$46.96
- TOPGLOV @$4.54
- LPI @$16.65
Mr Market is upset recently due to oil prices are kept on dropping to below $55. Latest announcement made by OPEC that they would not cut the production even the oil prices drop to $40. As a result, the oil prices plummet and upset the world stock market.
KLSE has dropped ~12% from the historical high of 1895 to 1673 and likely continue to drop until the oil price is stabilised and panic is over. But the sellout will be limited as 70+% of market is held by local institutions funds.
With the oil is continue to heading south, utilities sector will be benefit the most.
Most of my stocks holding have dropped to 52 weeks low and in bargain zone.
It is good that Mr Market is on Christmas Sale now! Time to shop for bargain value stocks!
This week bough another 200 units of AEON at RM2.75 with total accumulated of 2500 units.