Dear readers, let us take a look at the oversold Singapore Straits Times Index (STI) stocks on the first day of Chinese New Year 2020.
The oversold Straits Times Index (STI) stocks are:
1. DairyFarm USD stock
2. ComfortDelgro stock
3. SATS stock
4. Thai Beverages stock
5. Yangzijiang stock
The screening of oversold Straits Times Index stocks this time round has yielded more names. The most recent oversold Straits Times Index stocks have been ComfortDelgro stock and Thai Beverages stocks. Indeed, as the stocks markets backdrop look less certain now and what’s more with the Wuhan virus episode, more oversold Straits Times Index stocks have emerged.
Looking back at the Straits Times Index (STI) ETF which tracks the Singapore benchmark Straits Times Index, the STI ETF is now not oversold. I believe with the current stocks markets conditions, the STI ETF will be oversold soon and more Straits Times Index (STI) components will similarly be oversold.
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