Weekly cap: Market action (3 Sep 2021, Fri)

SG(risk-off) HK(risk-on) CN(risk-on)

Stock index Daily change
HongKong Hang Seng Index -0.72%
Singapore Straits Times Index -0.16%
China CSI 300 Index -0.54%
Australia ASX200 0.50%
Japan Nikkei 225 2.05%

Singapore REITs did well in later part of the week, particularly the smaller ones. The catalyst for the out-performing REITs this week was making into the FTSE EPRA Nareit Global Real Estate Index series. Some of the REITs(AIMS, LendLease, Starhill) in my portfolio did well this week. Price action of Lendlease and Starhill look promising. Added a bit more to both of them this week.

Outside of REITs, the overall Singapore market still looks risk-off. STI is near dangerous zone now. Watch how it behaves near the support at around 3055.02.

Action for Singapore market (risk-off)
- Get the stops ready and sell remaining stocks in portfolio on weakness.

HSI made a retreat today since its mood turned 3 days ago (31Aug2021) but index level today is still above that of 31Aug2021. Price action following the mood change has been positive. Next week performance will be important. Watch carefully.

Action for HK market (risk-on):
- Start looking actively for buying opportunites.
- Buy when good stocks appear on watchlist and price is within buy range.

For the past 2 weeks, several China stocks have been added to portfolio. Most are profitable now but a few reversed quickly down and losses were cut quickly. So far, portfolio performance seems to suggest China market is recovering. However, China indices look worrying, particularly Shenzhen composite, ChiNext. CSI300 made a follow-through day 2 days ago(1Sep2021) but due to the worrying performance of the other indices, better stay cautious. Not time to be aggressive yet.

Action for China market (risk-on):
- Start looking actively for buying opportunites.
- Buy when good stocks appear on watchlist and price is within buy range.


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