CGS-CIMB Research analysts Lim Siew Khee and Jeremy Ng deem the Straits Times Index (STI) as currently “oversold” following its sharp selloff in November, resulting in a 4.91% dip.

This means the index could be bottoming out soon, write the analysts in a Nov 30 Singapore strategy report.

“The last time the STI was oversold, a rebound happened almost immediately in October 2020, leading to a 14% rebound over the next four weeks,” note the analysts.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook