This month, US market seemed to perform pretty well, following some good corporate results. Not so for the local market. Corporate results was mix, and the ST Index was hovering up and down without a clear direction. Most of the months it stayed slightly below March closing, until the last week. Then it suddenly moved forwards to new high on the last few day, at a time when GDP forecast was revised downwards by some local bank. You ask me? I don't understand.
As at today, STI closed at 3368.18, up 1.82% from last month.Most of the gains were recorded during the last few days of trading, which looks to me like window dressing. My portfolio did slightly better, up 2.11% from last month. I received a total of S$3,070 in dividend from shares and UT this month.
I did not do much trade this month, except received some KS Energy shares through right issue and Global Inv Ltd shares through script div scheme. I just continued to build up cash since index was high. (From the past experience, Stock price may correct a bit in May). I bought some Unit Trust that is investing in Gold stock.
Below are the top 30 holdings as at 30 April.
2. OCBC Bk
4. SP AusNet
6. ST Engineering
7. Semb Corp
16..Nikko AM STI ETF 100
17. Sing Inv
19. Kep Corp
25. Sabana Reit
KepCorp, SembCorp, Sembmarine (oil rick builders) lost some ground. GIL replaces AscottReit due to buy up. Reits are performing well in this month.
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