Market has been in oversold territory for the whole of this week and last week, signalling pretty much pessimism in the broad market.
Present holdings in Singtel, Ezra, Capitaland and Keppel Corp seem to be hovering around buying price and it seems the only things I can do is hold or buy more of each counter.
Apparently, resistance is at 2850, failing to break would cause the index to fluctuate under 2800. The fundamentals of the above mentioned companies are pretty strong, and Capitaland was bought on the dip after it hit a high of $4.40.
It would probably be good to keep Keppel in the stable for these couple of months and see what the 'coming dividends' status can do to its share price. 1:5 unit issue is coming up. Timing the sale would be crucial to ensure dividends and maximum capital appreciation.
