Market confidence rose quickly in the first few days of April, thanks to the re-opening of borders and some positive outlook in the Ukraine crisis. Things took a turn shortly after when news about peace talks stalled and Shanghai's increasingly intense lockdown, deteriorating the condition of global supply chains, rocketing commodity prices. Its almost like a tug-of-war between inflation and improvement in global economy.
Contrary to global trend, SGX stock performances were not as badly hit, and in some sectors, performed beyond expectations.
It's good news for my SIAEC, though. Rocketed since end March, and I could see my break-even point within reach, much thanks to the reopening of borders, and increased air traffic. Though sadly, I do not have enough funds to average down while the stock is climbing.. if not I would have an even better position for the stock.
Another lucky news for me - my oversubscription of LendLease REIT share preferential offering was successful! Initially I was only alloted 1450 shares but itchy finger me decided to try my luck - entered 3000 shares. And I got the 3000 shares!
Overall, some of my stocks recovered (thank goodness). There are some which stayed at my target entry price, tempting me to average down. Whilst that, I am trying to maintain discipline in my stocks and not let myself get enticed to enter on good news or sell at bad news.
Warchest: 2048.81
Dividends received YTD: 412.10