These 17 STI stocks are below their 52-week low

Straits Times Index component stocks

Below 52-week low is a sign of weakness. These 17 stocks are blue chips that belong to the Straits Times Index (total 30). For expediency sake, I use 2014-low as 52-week low. Data based on close of Week 37. If more than half of the STI is below 52-week low, what does this tell us about the index itself? Indeed the Straits Times Index itself is also below 52-week low. ComfortDelgro painted in green is the only stock that remains above 52-week high and therefore qualifies as uptrend.

Table of STI index stocks below 52-week low

Table of STI index stocks below 52-week low

  1. SIA Engineering
  2. ST Engineering
  3. Sembcorp Marine
  4. Hutchison Port Holdings USD
  5. Keppel Corp
  6. Sembcorp Ind
  7. Global Logistic
  8. Jardine Strategic 500 USD
  9. Genting Singapore
  10. SPH
  11. Jardine Matheson 400 USD
  12. Jardine Cycle & Carriage
  13. StarHub
  14. Golden Agri-Res
  15. City Development
  16. Noble
  17. Wilmar Intl

To understand why this table could be a big deal to stock investors, read here, here and here. In short, a downtrend in the Singapore stock market has started but for the moment we are experiencing a temporary retracement or lull in selling. If and when that trend resumes, the ‘losers’ at this moment are likely to be loss leaders heading the charge downwards.

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Soh Tiong Hum is Director of TerraSeeds Market Technician Pte Ltd. TerraSeeds is a trading educator in Singapore since 2005.   Soh's Twitter account @sohtionghum was ranked #23 out of The Top 70 Twitter Accounts To Follow In 2015 by MahiFX.   Disclaimer notice: "I do not have a financial advisor's license. I am not qualified by any regulator to give financial advice. I do not know you the reader. Your investment means and motive may be different from me. My posts here are based on observations and meant for education. I am not responsible for for any consequence from your actions."
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