Dear readers, the Singapore stocks markets as measured by the Straits Times Index (STI) has gone south in recent sessions on the back of an increase in Covid-19 community cases as well as the Covid-19 situation in India. As a result of these developments, some STI stocks have been oversold while others generally are not. However, there is one outlier in one STI stock which is still overbought.
First, let us turn our attention to STI stocks which are neither oversold nor overbought and there are seventeen of them:
Ascendas Reit
DairyFarm stock
DBS stock
Frasers Logistics and Commercial Trust
Jardine C&C stock
JMH USD stock
Keppel Corporation stock
Keppel DC Reit
Mapletree Commercial Trust
Mapletree Industrial Trust
Mapletree Logistics Trust
OCBC stock
Sembcorp Industries stock
SGX stock
SIA stock
Singtel stock
UOB stock
Next, the twelve oversold STI stocks are:
Capitaland stock
Capitaland Integrated Commercial Trust
City Development stock
ComfortDelgro stock
Genting Singapore stock
Hongkong Land
SATS stock
ST Engineering stock
Thai Beverages stock
UOL stock
Venture stock
Wilmar International stock
Finally, one overbought STI stock as follows:
YangZiJiang stock
To me, there is no big deal in those oversold STI stocks. Markets are likely to continue to be bearish as there are no real catalysts driving the markets.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! I also run another blog Singapore Stocks Investing with similar useful insights! 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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