Dear readers, as Singapore continues its fight against the 2019 Wuhan Novel Coronavirus, there are more confirmed cases each day. Also, the number of confirmed cases in China has also not bottomed out yet. This has caused stocks markets globally to head lower. Singapore’s stocks markets was not spared either. The spotlight is on how Singapore has one of the most number of confirmed Novel navirus cases outside of China.
Looking at the Straits Times Index as of yesterday, the index was not oversold. However the Straits Times Index ETF (ES3) has become oversold once again. As you might have read, the coronavirus episode could have far-reaching impacts on a number of industries here in Singapore. Hence, when it comes to picking some stocks at good valuations during the period of oversold, it is not easy to ascertain how selected companies will perform going forward as a result of the coronavirus.
Thus my message for investors is that if they are interested, the Straits Times Index ETF would be a good buy should the Straits Times Index reaches 2,800 or below since buying an index-based ETF frees up all the consideration that an investor has to make for a particular stock.
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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