Straits times index up 13 points Higher today at 2884, The blue-chip index gained slightly following the US market. Right now we see most stock is trading sideway, most likely investors are staying sideway and anticipating the more news on the december rate hike from the US federal reserve.
Transport and Banks stocks is moving up today. SMRT up 2% Comfortdelgro up 2.37%, DBS up 0.42%, Ocbc up 0.81 and UOB up 1%
Overall Singapore market remain in an oversold position, now is a good time for investors who like to buy blue chip stocks as most of them is currently trading at a discount. However Singapore market remain weak hence investor are trading cautiously with small gain small loss.
