Monday 11 June 2012

Partial sale of MIT reit

Sold off half my stake in Mapletree Industrial Reit, as immediate resistance of 1.16 is reached. Will prob sell off more at 1.2 if it moves higher further, but global markets are way too choppy and unpredictable. Will purchase more at support level of 1.1, as company (government linked) is stable and pays good dividend of about 8% per year

                             

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