Market broke away from Greater China's co-relation and spurred on positively. June has come and May has gone. What a way to start the month when STI sets another record in the morning. Looking ahead, China is taking measures to cool its heat and its working as corrections resulted. Next trading day, Monday will definitely be a positive day as reports and news set in.
ARC Market Portfolio
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I took profit from Ban Joo today just before the halt at $0.145. Approximately $228.50 added to this portfolio. I bought 8 lots of GKE Int today at $0.540 and 6 lots of Yangzijiang at $1.780 which I thought to snap up these counters before the Monday and Tuesday consecutive rally that is to come. China which fallen in fear of bubble will recover and the uptrend will pull markets along and start to go on a buying mood.
Long term stocks: Sembcorp corrected to $5.350 after Wednesday's sudden rally while Comfortdelgro enjoy the stabilised fuel price to recovered at $2.260.
Funds perspective: China Fund has gone down somewhat and it could be the time to buy. To be on the safe side, to buy diversified indices fund or buy on a small initial amount in case of fall as you are able to dollar cost average. Still attractive at Korea, Indonesia, India and Thailand. Emerging states like Thailand is going through some political issues, but its market is recovering at a good rate, if the political situation stabilised further, its going reward you.
Any opinion herein is made on a general basis and is not an inducement to trade.