Yovich & Co. Weekly Update - 7 July 2014

Jul 7, 2014 | Commentary

Changes in Market





This Week’s Themes

  • A three week losing streak was broken last week as the NZX bounced back to record its highest weekly close of all time. An improving outlook for the U.S. and China gave Western markets a lift.
  • The new Financial Year across the Tasman gave the market renewed energy as the ASX 200 made its biggest gains since February. The RBA also kept rates at the record low level of 2.5% giving Investors further encouragement to buy equities.
  • The Independence Day Holiday weekend prompted early celebrations as the Dow hit a new all time record and reached the psychologically significant 17,000 mark.
  • The USD was very strong last week given the increasingly positive outlook for the Worlds largest economy. The Kiwi fell against the USD but was stronger against the AUD with rates left at record lows across the Tasman.

Investment News

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Jarrod Goodall

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Lindsay McKendrick | Jul 9, 2014

Hi Jarrod Since investing in 11 different stocks about 6 months ago I am up by about 3.5% excluding dividends. Poor performers have been MVL down 17% FBU down 8%. I bought MRP when first floated down 10% but slowly clawing back up. Do you think I should hang onto MVL and FBU both worry me a bit as competition from pre fab house lots shipped from off shore are looking like the way of the future. Regards Lindsay

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