Shares & Derivatives
STI & STI STOCKS: AN IMPORTANT ANALYSIS
By Singapore Stocks Investing (SSI)  •  June 11, 2017
Dear readers, STI closed at 3,254.19 on 9 Jun 2017, up by 0.53%. If you are to ask me how the Singapore stocks are performing, I can only say that looking at the STI performance, the local stocks markets seem still strong. The immediate resistance to STI is around 3,270. The STI is but a benchmark of the top 30 Singapore stocks by market capitalization. Looking at the STI constituent stocks yields an interesting insight, there are a couple of overbought STI constituent stocks (seven in total to be exact). They are: 1. Ascenda Reit
  1. City Development
  2. Global Logistics Properties
  3. Hong Kong Land
  4. OCBC stock
  5. SIA stock
  6. UOL
And there are two oversold stocks:
  1. Jardine C&C
  2. Wilmar stock
What it means is that out of the top 30 STI stocks, 7 are Overbought, 2 are Oversold while the remaining 19 ......
Read the full article
By Singapore Stocks Investing (SSI)
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance