Dear readers, today is Friday but it is a public holiday: Hari Raya Haji. Let us take a look at the performance of the STI constituent stocks for the previous trading week. But before we do that, just want to share with you that Jardine Strategic Holdings will replace SIA Engineering on this STI benchmark with effect from 18 Sep 2017 following a quarterly review.
There are four Overbought STI constituent stocks and they are CapitaMall Trust, City Development, Genting Singapore, Wilmar International stocks.
The screening for Oversold STI constituent stocks yields no results for the previous trading week. But it does not mean that bargain hunters have no choice of such stocks. There are a couple of other good stocks outside the STI which are trading at rather good discounts provided investors know which a good price is. Remember we cannot always get a stock at its lowest, but ...
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