Friday, June 21, 2013

Singapore Stocks outlook: Buy Singapore Stocks now?

Singapore stocks closed the session today at 0.28% lower, this is much better than the 2.45 southward direction of the previous days. The STI is now at 3,124.45, below the 3,200 support. The Singapore stock market performed in line with the performances of other markets as US Bernake gave a hint that the US may be scaling back the Quantitative Easing. The question on the mind of many is whether is this the time to go bargain-hunting good stocks at discounted prices? For me, my answer is No as there may be better opportunities to enter the market. Many stocks are now still not overly sold.

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