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Straits Times Index constituents stocks May 2018 performance

May 2018, Straits Times Index was down 185.75 points or 5.14% over end of April. Out of 30 constituent stocks, 22 end in the red. Triple Top reversal pattern hinted in STI chart.

  • ComfortDelgro and Genting Singapore are gain leaders.
  • Yangzijiang Shipbuilding and Hutchison Port Holdings are loss leaders.
  • Back in April, Venture Corp (ticker V03.si) lost 25% on high volume. End of May, Venture claws back 1.24%.
  • Big banks UOB (U11.si), DBS (D05.si) and OCBC (O39.si) are down 5.91%, 7.91% and 8.48% respectively.
  • End of April 2018 performance here.
STI Straits Times Index stocks performance May 2018

STI Straits Times Index stocks performance May 2018

 

On May 03, I wrote that there is a possibility of a Triple Top reversal in the Singapore stock index. This is now much clearer although confirmation follows break of neckline only.

STI hints potential Triple Top in weekly chart

STI hints potential Triple Top in weekly chart | Source: Investing.com

Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’.

“Dear reader, I do not have a financial license to give advice. I do not know you the reader. Your financial objective and risk tolerance may be different from mine. I am not responsible for any consequence of your action.

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