Analysts: Focus on ‘oversold’ stocks
PETALING JAYA: Bottom-fishing opportunities have emerged in the equity market, with oversold stocks seen as one of the few silver linings for local investors this year.
Pundits recommended investors to focus on stocks that were sold down heavily last year amid the macroeconomic risks and market volatility that showed no immediate sign of waning.
According to AllianceDBS Research, oversold stocks offer “value amid market sell down”.
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