Dear readers, yesterday, taking the cues of the performance of the US stocks markets overnight, the Singapore Straits Times Index plunged 3.23% to 3011.080. I was not surprised at all since I have been sharing with all of you that the immediate support of STI is 2,800 to 2,900.
The Straits Times Index is oversold and with it, let us take a look at the constituent STI stocks which are similarly oversold.
1. CapitaCommercial Trust
2. CapitaMall Trust
3. City Development stock
4. ComfortDelgro stock
5. DairyFarm USD
6. DBS stock
7. Hongkong Land
8. Jardine C&C stock
9. JMH USD stock
10. JSH USD stock
11. Keppel Corporation stock
12. SATS stock
13. Sembcorp Industries stock
14. SIA stock
15. Singtel stock
16. SPH stock
17. UOL stock
I don’t think its time to pick up some of these oversold stocks. At this current juncture, the STI is still above 3,000 which is still not that low. A starting point of where the STI is low is 2,800 in my opinion.
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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