Market Overview
KLCI end up higher in 1723.73 point, political fighting in Malaysia seems to dominate the theme of discussion in the market. Until there come to a solution state, it will be unlikely for the investor (local retail or foreign) to restore confidence and re-enter the market.
However, i believe institutional investors who have the ability to hold longer, will continue to be the supporting forces for KLCI. There is however a higher risk that current political instability and ringgit fall will continue to manifest into a bigger storm, ultimately land as crisis to the country.
Current Return and performance
The estimated holding period return for KLCI in the past period (1st July 2015 - 31st July 2015) is 1.25% (with dividend included). Holding Period return for my portfolio, is -1.02%. Total holding period return for my portfolio since the inception is 7.69%, annualized to be 2.57%, this is far lagged behind KLCI total return of 15.42% (annualized, 5.04%) and lower than return from Fixed Deposit.
Trading Activities
1. Addition of MNRB (6459), which seems to be a loosing bet for now, as the board of directors didn't recommend any dividend for current financial years. The majority shareholders (the institutional investors might be ok with it or they want it that way), but the minority shareholders will often be loosing out when the company stop paying dividend even for a while only.
