Dear readers, let us take a look at two oversold Singapore Straits Times Index (STI) stocks for the week ended 4 Dec 2020. Before we do so, let us take a look at the Straits Times Index for the week. The index closed at 2,839.89, just slightly above the 2,800 mark. I would going forward the STI would hover around this 2,800 level.
The two oversold Straits Times Index (STI) stocks are:
1) Dairy Farm International USD stock
2) Mapletree Industrial Trust
There are a four overbought Straits Times Index (STI) stocks:
1) Capitaland stock
2) City Development stock
3) DBS stock
4) SIA stock
It is close to end of year 2020. I believe investors are wrapping up their portfolios and looking for a clearer call for the markets. There should not be any much of positive catalysts (maybe on the Covid-19 vaccine front) but any adverse developments will bring the STI back to 2,500 support.
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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