Dear readers, New Year and Chinese New Year, two important festivals on the Singapore calender are over.
I am not sure whether those of you who are interested to enter into some new investment positions these year, are about to enter the stock market as time seems to fly fast this year with the above two festivals being back to back?
But I would caution that Year 2023 has not shown investors what it has in store. We are just into February and hence do not rush your positions. Notwithstanding that there are signs of interest rates from US stabilizing, there are no reasons to say that stock markets will not crash for other reasons. if necessary, please spread out your investing for this year, do not put all eggs into one basket.
Today’s post is always a favorite for many readers as we track the weekly oversold and overbought Straits Times Index (STI) stocks on the Singapore stocks markets, just to gauge the overall market health of the SGX.
Please note it is not necessary that oversold stocks will rebound next and overbought stocks will correct next.
Let us take a look at the Oversold and Overbought STI stocks below.
Overbought STI stocks:
Capitaland Investment stock
Capitaland Ascendas Reit
Capitaland Integrated Commercial Trust
City Development stock
DairyFarm stock
Frasers Logistics and Commercial Trust
Jardine C&C stock
Jardine Matheson Holdings stock
Keppel DC Reit
Mapletree Industrial Trust
Mapletree Logistics Trust
OCBC stock
SATS stock
Sembcorp Industries stock
SIA stock
ST Engineering stock
UOL stock
Venture stock
There is no Oversold STI stocks.
The remaining STI stocks are trading in a neutral zone:
DBS stock
Emperador stock
Genting Singapore stock
Hongkong Land stock
Keppel Corporation stock
Mapletree Pan Asia Commercial Trust
SGX stock
Singtel stock
Thai Beverages stock
UOB stock
Wilmar International stock
YangZiJiang stock
Have a Good week ahead!
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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