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
- SIA Engineering
- ST Engineering
- Sembcorp Marine
- Hutchison Port Holdings USD
- Keppel Corp
- Sembcorp Ind
- Global Logistic
- Jardine Strategic 500 USD
- Genting Singapore
- Jardine Matheson 400 USD
- Jardine Cycle & Carriage
- Golden Agri-Res
- City Development
- 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.
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"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."