Dear readers, the Singapore stocks markets, as measured by the Straits Times Index (STI) managed to claw back some gains after the recent stock market corrections arising from the US bank episode have stabilised, or at least for now.
As at 17 Mar 2023, the STI was up 0.18% at 3,183.28, from 3,177.43, a week ago as at 10 Mar 2023. Noticeably, the STI also made its way out of the oversold region.
Still, the STI was still 2.09% below its 2022 performance (the STI closed at 3,251.32 on 30 Dec 22, the last trading day of 2022).
As at 17 Mar 2023,
Oversold STI stocks:
City Development stock
DBS stock
Hongkong Land stock
UOB stock
Overbought STI stocks:
Sembcorp Industries stock
Wilmar International stock
STI Stocks trading in a neutral RSI zone:
Capitaland Ascendas Reit
Capitaland Integrated Commercial Trust
Capitaland Investment stock
DairyFarm 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 Industrial Trust
Mapletree Logistics Trust
Mapletree Pan Asia Commercial Trust
OCBC stock
SATS stock
SGX stock
SIA stock
Singtel stock
ST Engineering stock
Thai Beverages stock
UOL stock
Venture stock
YangZiJiang stock
I believe there will be more to come from the US banking episode.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! I also run another blog Singapore Stocks Investing with similar useful insights! 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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