I have not much good news to write about on the financial front.
The Straits Times Index (STI) slipped below 2,882.73 points again. It is now below the level set at the start of this year. It was 2,809.35 points yesterday. As I write, the STI was 2,794.96 points (at 3.11 pm).
I held on to my portfolio of Singapore equities despite seeing it declining. Throughout this year, I only made two purchases and zero sales. I am not the only one who was not active in the market. News from Singapore Exchange (SGX) indicates a reduction in securities market turnover for August (-27% on year-on-year).
What kept me from liquidating some really bad stocks, was that these stocks still offer dividends. The average dividend yield of my portfolio based on actual cost of investments was 2.98% after three quarters.
Looks like it would be a while before we can see a jump in the value of Singapore equities considering the poor economic environment in Singapore.
Copyright © 2016, limkimtong for Living Investment
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