Dear readers, let us take a look at the Singapore Straits Times Index (STI) stocks for the week ended 8 Sep 24. What to know now on the Straits Times Index stocks?
The STI is at 3,454.47 as of 8 Sep 24, this represents a capital gain of 6.61% for the year 2024 to-date.
The following are the STI stocks which are OverBought (with a RSI of above 70):
Frasers Logistics & Commercial Trust
Mapletree Industrial Trust
Mapletree Logistics Trust
Mapletree PanAsia Commericial Trust
SGX stock
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There were no Oversold STI stocks.
However, almost half of the 30 STI stocks are currently trading below 200-Days-Moving-Averages:
City Development
DFI Retail Group Holdings
Genting Singapore
Jardine C&C
JMH
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Keppel Corp
Mapletree Logistics Trust
Seatrium
Sembcorp
SIA
Singpost
UOL
Venture
Wilmar
This post is not a recommendation on which STI stocks to invest in, nor to predict the movement of the STI stocks next. However, it is clear that the much-anticipated interest rates cut will have some impact on global stock markets next.