To calculate the weekly performance on my portfolio I take the close from last Friday to work out the percentage increase/decrease in each stock. This is compared to the ASX 200 (Code: XJO) and the Small Ords (XSO). The Small Ords is comprised of companies included in the ASX 300 index, but not in the ASX 100 index. I include the Small Ords in my comparison as it helps highlight the markets appetite for risk.
Market: | Close (Friday 02/09/11): | Close (Friday 11/09/11): | Percentage Change: |
XJO | 4242 | 4194 | -1.13% |
XSO | 2475 | 2484 | 0.36% |
Well it was a very interesting week with the XJO closing down 1.13%, but the XSO put on 0.36%. Although the markets have been very bearish over the last couple of weeks I am yet to see outright panic and I believe this is reflected in the stronger performance by the XSO. However the action in Europe and the US was very concerning over the weekend so that panic may still yet eventuate.
Code: | Weighting: | Share Price (Friday 02/09/11): | Share Price (Friday 11/09/11): | Percentage Change: | Weighted Change: |
OBJ | 25.66% | 0.018 | 0.018 | 0.00% | 0.00% |
MHM | 12.50% | 0.845 | 0.8 | -5.33% | -0.67% |
KGL | 11.81% | 0.098 | 0.11 | 12.24% | 1.45% |
Cash | 50.03% | 0% | 0.00% | ||
TOTAL | 2.306% | 0.78% |
This week OBJ closed unchanged at 0.018 cents, MHM continued its trend of getting smashed by a comparatively larger amount than the overall market and closed at 0.80, a drop of over 5%. The best performer was KGL which closed up 12.24% on the back of some promising announcements. It could have closed higher, at 11.5c, had it not been for a seller who added 1 additional share to his order just before close to make sure KGL finished the day at 11 cents and not 11.5 cents. The good news was that the overwhelming majority of volume on Friday did in fact trade at 11.5 cents.
The end result was a 0.78% increase in the portfolio’s weighted value. If we remove cash from the equation then the result was slightly more impressive due to the strong gains by Kentor Gold. On this basis the portfolio closed up 1.56%
Code: | Weighting: | Share Price (Friday 02/09/11): | Share Price (Friday 11/09/11): | Percentage Change: | Weighted Change: |
OBJ | 51.37% | 0.018 | 0.018 | 0.00% | 0.00% |
MHM | 25.01% | 0.845 | 0.8 | -5.33% | -1.33% |
KGL | 23.63% | 0.098 | 0.11 | 12.24% | 2.89% |
TOTAL | 1.56% |
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