Dear readers, the focus for the Singapore stocks markets today will be on City Development Limited stock (CDL) as the stock is expected to resume trading following its trading halt on 25 Feb 25. How will the stock fare amidst the current slew of news and developments following the public disagreement between CDL Executive Chairman, Mr Kwek Leng Beng and Group CEO, Mr Sherman Kwek?
With the largely negative sentiment, the CDL stock is expected to head south. But it may not always be the case, as there could be some investors, who may take this opportunity and uncertainty to scoop up CDL shares at lows.
It will probably take some time before investors can get clarity on the future direction of CDL following the current sage.
In the meantime, let us take a look at the list of Oversold and Overbought Straits Times Index (STI) stocks as at 28 Feb 25 below.
Oversold STI stocks:
Mapletree Industrial Trust
SATS stock
YangZijiang stock
Overbought STI stocks:
Sembcorp Industries stock
SIA stock
ST Engineering stock