Dear readers, the Singapore stocks markets, as measured by the benchmark indicator, the Straits Times Index (STI) has had key developments yesterday (20 Oct 2023).
The STI retreated 0.74% to 3,076.69, which brought the STI to below the 3,100 mark, a level not seen since Oct 2023 last year.
And if the above is not enough, with the southing of the STI, the STI is now in Oversold territory, defined as being in the region of below RSI of 30.
Inevitably, a number of the STI constituent stocks were similarly affected. 14 of the 30 STI stocks also found themselves in the oversold region as detailed below.
Oversold STI stocks:
Capitaland Ascendas Reit
Capitaland Integrated Commercial Trust
DairyFarm stock
Frasers Logistics and Commercial Trust
Jardine C&C stock
Jardine Matheson Holdings stock
Mapletree Logistics Trust
Mapletree Pan Asia Commercial Trust
Seatrium Limited stock
Sembcorp Industries stock
SIA stock
UOL stock
Venture stock
YangZiJiang stock
There was no Overbought STI stocks, that means to say that the remaining STI stocks below are trading in the neutral region now.
Capitaland Investment stock
City Development stock
DBS stock
Emperador stock
Genting Singapore stock
Hongkong Land stock
Keppel Corporation stock
Mapletree Industrial Trust
OCBC stock
SATS stock
SGX stock
Singtel stock
ST Engineering stock
Thai Beverages stock
UOB stock
Wilmar International stock
I believe many may not have been actively looking at Singapore stocks now, especially given stock markets currently are still volatile and in view that interest rates from fixed deposits, Singapore Savings Bonds are still decent and considered generally risk-free.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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