Dear readers, the Straits Times Index (STI) closed at 3,221.94 last week and is about to catch up with the 2023 close of the STI at 3,240.27.
The STI is currently trading at neutral RSI level, as with a majority of the STI constituent stocks.
However, there are two STI constituent stocks that stood out as each were Overbought as at 16 Feb 24.
The two stocks are DBS stock and SIA stock.
For the week, DBS and SIA stocks has each risen by 4.15% and 8.12% respectively.
The stellar performance in SIA stock could be seen even with a one-month perspective: SIA stock has risen by 13.31% for the past month.
Please note that this post is not a recommendation of either SIA or DBS stock. Always do your own due diligence when it comes to investing.
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!
BINGE READ ALL POSTS!
Visit Home Page for more reads or Connect here!