Tuesday, August 24, 2021

SGX (SGX: S68) Price Weakness Is Likely To Persist In The Short-Term.


SGX is trading at day low while most index stocks are up on a positive day.

Fund managers are likely to avoid this stock in view of HKEx (0388.HK) announcement yesterday that MSCI China A 50 Connect Index futures to commence trading in the month of October 2021, which is a competing product to FTSE China A50 contract traded on SGX.

SGX weakness is likely to persist in the short term.

SGX last traded S$10.22.

First Target: S$9.81

Second Target: S$9.34 

All posts and charts are for educational and illustration purposes only

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