Dear readers, yesterday I shared with you one oversold Singapore Straits Times Index stock going into Year 2021. Today, let me share with you the oversold counterparts on the other side of the causeway. Yes, that is right, Malaysia’s oversold stocks on the FTSE KLCI.
There are three such oversold stocks on the FTSE KLCI as of 31 Dec 2020. Each of these oversold stocks has a RSI of below 30. These oversold FTSE KLCI stocks are as follows:
Hartalega
RHB Bank
Top Glove Corp
Once again, the screening of oversold stocks on Singapore and overseas stocks markets is not for any recommendation of these stocks. Rather it is to get a regular sense of how these markets perform.
Yesterday, news broke of the termination of the Kuala Lumpur–Singapore high-speed rail. Let us also see how this news will translate to the Singapore stocks markets next Monday. The group which I believe will be affected is Singapore property buyers who may have invested in Malaysian property near the proposed Kuala Lumpur–Singapore high-speed rail with a view of capital appreciation arising from the high-speed rail.
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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