Dear readers, there are currently thirteen Singapore Straits Times Index (STI) stocks which are oversold. Each of these STI stock has a RSI value of below 30. If you were to reference my post last week, there were six oversold STI stocks as of then. Now, the number of the oversold STI stocks has since doubled. This is not surprising since the markets have had just seen the worst of the stocks markets corrections for the end since Mar 2020. Without further ado, these thirteen oversold Singapore Straits Times Index (STI) stocks are:
Ascendas Reit
Capitaland stock
CapitaMall Trust
City Development stock
ComfortDelgro stock
Genting Singapore stock
Mapletree Commercial Trust
Mapletree Industrial Trust
Singtel stock
UOL stock
Venture stock
Wilmar International stock
YangZiJiang stock
With the aforementioned performance, it is no wonder that the Straits Times Index, Singapore’s benchmark indicator of Singapore’s stocks is now oversold. Same with the Straits Times Index (STI) ETF. The current stocks markets internationally is volatile and is already correcting. I should elaborate more of the state of the global stocks markets in my next post, so look out for it.
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