Dear readers, it is time once again to track the movers of the Straits Times Index (STI) stocks.
For the trading week ended on 22 Mar 2024, two STI stocks stood out: these are the STI stocks which have been overbought!
First, DBS stock.
For the week, DBS stock was up 3.11%. Year-to-date this year, the stock was up by a respectable 7.66%.
Second, Singtel stock.
Singtel stock was up by 3.27% year-to-date this year, however the stock has been on a steady climb for this month. Just this month, Singtel stock was up by 8.12% already and now the stock is overbought.
Please note that the above is not a recommendation of DBS or Singtel stocks. Always do your due diligence when it comes to investing.
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