Dear readers, after headed to a level below the psychological threshold of 3,000 some weeks ago, the Straits Times Index (STI) has managed to regain some lost grounds.
Two weeks ago, as I have previously shared, 50% of 15 of the STI constituent stocks were oversold; as of last week, the list of oversold stocks has shrank to just nine, as follows.
Capitaland Investment stock
Hongkong Land stock
Jardine C&C stock
Jardine Matheson Holdings stock
SATS stock
Sembcorp Industries stock
SGX stock
UOL stock
Venture stock
With no overbought STI stocks, the remaining STI stocks are currently trading at a neutral RSI zone:
Capitaland Ascendas Reit
Capitaland Integrated Commercial Trust
City Development stock
DairyFarm stock
DBS stock
Emperador stock
Frasers Logistics and Commercial Trust
Genting Singapore stock
Keppel Corporation stock
Keppel DC Reit
Mapletree Industrial Trust
Mapletree Logistics Trust
Mapletree Pan Asia Commercial Trust
OCBC stock
SIA stock
Singtel stock
ST Engineering stock
Thai Beverages stock
UOB stock
Wilmar International stock
YangZiJiang stock
Will the nine oversold STI stocks play catchup? I believe even if they do, the northward trend will be mainly in line with the general movement of stocks up, if any.
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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