Market Review and Trends
STI Outlook – As of 25th September 2021
By Loopholes Singapore  •  September 25, 2021
The STI might be testing 3000 in the coming week I am not expecting any sort of panic selling however the recent announcement to roll back to a stricter regiment does present opportunities for skeptics and pessimists to sell in the coming week. That said, I will also expect some counters to continue staying resilient since there were consistent buying pressures from institutional buyers in the past weeks. These counters include Singtel, CDL, and REITs like ESR, Ascendas, etc. Meanwhile, investors in the Singapore market should start setting reentry price targets if they have exited in the past weeks. Otherwise, we would still be seeing a further sideways consolidation for the index in general. Personally, I have been actively selling as I am still unsure about the pandemic situation and the global market in general. Nevertheless, we will be able to a slightly bigger reaction soon in the coming weeks for us to be able to take action more easily....
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By Loopholes Singapore
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