Since the time I wrote on high dividend and low PTB ratio, I was curious about how these stocks performed between 2 January and 11 January.
If one bought all 22 stocks listed in my blog post on 2 January and reviews their prices on 11 January, what was the percentage change of share prices? The total price per share for 2 January was $123.50 and on 11 January it was $125.245. The percentage increase was 1.41%.
Between these two dates, the Straits Times Index (STI) moved from 3,201.74 to 3,216.50. This was an increase of 0.46%.
(Though STI is not strictly the benchmark for comparison, only 36% of 22 stocks are not in STI. It is close enough. Note that I did not include REITS in my analysis.)
So from the results, all 22 stocks as a composite outperformed the STI 1.41% vs 0.46%.
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