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 14/10/11): | Close (Friday 21/10/11): | Percentage Change: |
XJO | 4196 | 4141 | -1.31% |
XSO | 2361 | 2318 | -1.82% |
The market was off again this week with the XJO closing down 1.31% and the XSO faring a little worse (down 1.82%). I don’t this was entirely unexpected given the upcoming European submit this weekend. No one wants to be holding stock in case everything well and truly does hit the fan. However, both the US and Euro markets we up last night so they are definitely pricing in some positive news this weekend. If it eventuates then our market could be set for a very strong Monday.
Code: | Weighting: | Share Price Friday (14/10/2011) | Share Price Friday (21/10/2011) | Percentage Change: | Weighted Change: |
OBJ | 19.96% | 0.018 | 0.019 | 5.56% | 1.11% |
MHM | 7.07% | 0.680 | 0.690 | 1.47% | 0.10% |
KGL | 11.38% | 0.097 | 0.091 | -6.19% | -0.70% |
Cash | 61.60% | 0% | 0.00% | ||
TOTAL | 0.280% | 0.51% |
My portfolio outperformed the market this week, largely helped by OBJ and MHM which both finished the week strongly. Overall the portfolio was up 0.51%. The best stock was OBJ which continues to see some strong buying around the 1.8 and 1.9 cent level; it just doesn’t have enough power to crack above 2 cents yet. Hopefully next week (fingers crossed)!
The worst performer for the week was Kentor Gold which was off over 6%. I think this is largely due to the pull back in copper and gold prices and general bearish sentiment in markets. Gold did however rebound strongly last night after a couple of days down. I have previously said that I think there is a case for gold to hit $1,500, however if global markets rally then “risk with be on” and we may see some further strength in gold (especially if they turn on the printing presses again – i.e. start a quantitative easing program in Europe or the US).
Code: | Weighting: | Share Price Friday (14/10/2011) | Share Price Friday (21/10/2011) | Percentage Change: | Weighted Change: |
OBJ | 51.96% | 0.018 | 0.019 | 5.56% | 2.89% |
MHM | 18.40% | 0.680 | 0.690 | 1.47% | 0.27% |
KGL | 29.64% | 0.097 | 0.091 | -6.19% | -1.83% |
TOTAL | 1.32% |
Finally examining the portfolio without cash shows that its value increased by 1.32%.
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