Dear readers, the Singapore stocks markets as measured by the Straits Times Index has rebounded in recent trading sessions. But, don’t count on the rebound as a sign that markets have rebounded off the bottoms. Given the havoc that Covid-19 has inflicted on the global economy, I think a lower bottom for the world’s markets has not been reached yet.
Alongside the rebound of Singapore stocks, Singapore Reits and Trusts have also been inching up. Watch out for the following thirteen Singapore Reits and Business Trusts as they are now Overbought.
Asian Pay Television Trust
BHG Retail Trust
Cache Logistic Trust
EC World Reit
First Reit
Frasers Commercial Trust
Frasers Logistics & Industrial Trust
HPH Trust SGD
IReit Global
Keppel DC Reit
Mapletree Logistics Trust
Mapletree NAC Trust
SoilBuild Business Reit
While overbought stocks do not necessary mean these stocks will head south in prices soon, given the current stocks markets backdrop, it is likely stocks will trend lower. What’s more for overbought stocks.
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