June 2017 was a slow month with not much price action. Straits Times Index (STI) was up 15 points or 0.5% for June 2017 and The Phillip 20 Portfolio performance remained relatively flat.
No new positions were added in June 2017 while Genting Singapore was closed with a profit of 6.5%. We decided to close our position in Genting Sing due to the weakening momentum.June 2017 was a slow month with not much price action. Straits Times Index (STI) was up 15 points or 0.5% for June 2017 and The Phillip 20 Portfolio performance remained relatively flat.
Watchlist
The Phillip 20 Portfolio has been shaved down to 11 stocks after Genting Sing was closed out and the total equal weighted return on the realized and unrealized position is 4.95%. We will continue to monitor the following watchlist for new opportunities to be added to the Phillip 20 Portfolio.
Jeremy specialises in Technical Analysis and has 10 years of experience in studying price action. His areas of expertise include intermarket analysis on the equities, currencies, commodities and bonds market.
He is also a regular columnist on The Business Times - every Monday ChartPoint column.
He graduated with a Bachelor of Science in Banking and Finance from University of London.