Dear readers, after reaching 3,000 and above briefly, the Straits Times Index (STI) has headed south, which once again confirmed that the 3,000 level of the STI remains a firm resistance level. The STI closed at 2,945.52 yesterday (26 Jan 2021), down by 0.95%.
Personally, I have always felt that the 3,000 mark of the STI is not that practical in today’s climate of Covid-19 and general bearish economy. This 3,000 mark may well be practical in the earlier days but as of now with a new normal arising from Covid-19? Unless the Singapore stocks went to a more attractive and decent level, I am not inclined to invest in Singapore stocks now.
I suggest investors look at other international stock plays which may offer better valuation and growth potential. But always, never get speculative, always go for those stocks with good fundamentals.
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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