Dear readers, today, let us take a quick look at the list of Straits Times Index (STI) stocks which are currently oversold.
The Oversold STI stocks are as follows:
Capitaland Investment stock
Capitaland Ascendas Reit
Hongkong Land stock
Mapletree Industrial Trust
Wilmar International stock
There are three two Overbought STI stocks and they are:
Sembcorp Industries stock
SIA stock
Thai Beverages stock (8 Jun 2023 correction: Thai Beverages should be an Oversold STI stock, not an Overbought STI stock)
That means to say, the remaining STI stocks are neither oversold nor overbought:
Capitaland Integrated Commercial Trust
City Development stock
DairyFarm stock
DBS stock
Emperador stock
Frasers Logistics and Commercial Trust
Genting Singapore stock
Jardine C&C stock
Jardine Matheson Holdings stock
Keppel Corporation stock
Keppel DC Reit
Mapletree Logistics Trust
Mapletree Pan Asia Commercial Trust
OCBC stock
SATS stock
SGX stock
Singtel stock
ST Engineering stock
UOB stock
UOL stock
Venture stock
YangZiJiang stock
I know some investors may no longer feel it is important to know which stocks are overbought and which are oversold since oversold stocks do not mean stocks will rebound soon and overbought stocks do not mean stocks will retreat soon. My weekly sharing here is more for tracking of the Straits Times Index, which is often touted as the barometer of Singapore stocks markets.
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