S&P 500 Index broke the record of 6,000 points after Donald Trump won his second term US Presidential Election.

Investors are very optimistic of American stock market. It’s not only that, Bitcoin also rallied up and created another record peak!

Our government took this opportunity, and cashed out USD 33.5 millions selling 367 BTC.

This level of optimisms weren’t shown in STI (Singapore), SET (Thailand), SENSEX (India), and SSE (China).

Bhutan Stock Index (BSI) didn’t show such signs. Even if it rallied upward, it can’t be due to the US election result.

There was an auction of 525,000 shares of STCBL this month. Looks like one of its corporate shareholders is doing it.

I did not participate. The minimum bid price closer to a prevailing market price and with a 2% broker fee, it’s a hard pass.

Since I own a second-hand Alto since August and learning driving it, I got a light vehicle driver license in my own name!

Let us now check performances of the Bhutan Stock Market, and also my stock portfolio in particular, during this November.

How Was the Stock Market of Bhutan?

Market Situations

The total market trade increased by Nu. 10.7 millions. The total trade was Nu.97.2 millions – 64% OTC and 36% mCaMs.

Benchmark Index

Bhutan Stock Index (BSI), the index of the stock market in Bhutan, started at 1520.18 and ended at 1504.04 points.

This means BSI lost 16.14 points indicating overall bearish sentiments in the market.

Individual Stocks

If we look at tickers individually, not significant change. 11 tickers closed in red, 2 in green and 5 remained unchanged.

When it comes to significant gainers or losers, RICB gained the most and BTCL lost the most.

Did I Make Changes in Total Holdings?

Tickers BUY

I purchased 30 shares of DWAL at Nu.99.10. Recently it has been beaten down. I added to improve my average purchase price.

The actual investment is just Nu.2,973. The balance is due to a 1% broker fee paid to my stock broker Sershing Securities.

Tickers SALE

Since my emergency fund started blinking red, I had to refill it. So I had to sell all my 1500 shares of RICBL @ Nu.87.

How CD’s Stock Portfolio Performed?

5 counters in my portfolio are below their purchase prices. But 2 of them are still positive. The biggest gainer is BIL.

This month, unrealized profit has decreased by less than 1%. However, a loss is almost equal to that of last month.

The Month’s Lessons & Future Plans?

PCAL market price is almost equal to Nu.38 – the discovered price of its unsubscribed shares public auction.

Looking at its trade volumes, the price will go below that and people who purchased it in the auction will be running in loss.

Therefore, I have always warned about purchasing shares at such auction especially as a retail investor.

I am not sure how does it work in other stock markets but it hardly turned in our favor in Bhutan Stock Market.

If I were to add, I will do when it trades below Nu. 38. PCAL is diluted now and with that valuation, I won’t rush.

How was your portfolio this month? Did it meet your expectations? Your plans for next month?

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