Dear readers, in yesterday’s post, I presented readers with two groups where the 30 Straits Times Index (STI) stocks were divided into as follows:
Group A:
Capitaland Integrated Commercial Trust
ComfortDelgro stock
Genting Singapore stock
Jardine C&C stock
Keppel Corporation stock
OCBC stock
SATS stock
Sembcorp Industries stock
SIA stock
ST Engineering stock
Thai Beverages stock
UOB stock
Wilmar International stock
YangZiJiang stock
Group B:
Ascendas Reit
Capitaland Invest stock
City Development stock
DairyFarm stock
DBS stock
Frasers Logistics and Commercial Trust
Hongkong Land stock
Jardine Matheson Holdings stock
Keppel DC Reit
Mapletree Commercial Trust
Mapletree Industrial Trust
Mapletree Logistics Trust
SGX stock
Singtel stock
UOL stock
Venture stock
And I asked readers, how was the grouping of the 30 STI stocks into Group A and Group B based on? Let me share with you the answer as follows.
Currently, the Singapore STI closed at 3,428.90 (as of 18 Feb 2022) and as of year-to-date, the Straits Times Index has achieved a 9.8% capital gain, the STI is now overbought based on RSI of above 70.
As the STI is now overbought, some of the constituent STI stocks must be overbought as well. Group A contains the list of overbought STI stocks as of 18 Feb 2022.
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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