Daily Stock Report
Wednesday, June 24, 2026 at 09:10 SGT
1. Market Snapshot
All markets open Wednesday 24 Jun — no holiday closures.
SGX opened flat, banks hovering near 52-week highs while HSTECH and HK names are in deep oversold territory.
Crypto Fear & Greed Index at 17/100 - Extreme Fear (up from 14 last week, but still deeply bearish).
China indexes showing unusual volume spikes — Shanghai Comp +1.78% with 5x normal volume.
2. Market Benchmarks
| Index | Price | Chg% | RSI | 52W% | Trend |
|---|
| STI (SG) | 5,205.74 | +0.22% | 55.6 | +97.30% | Neutral |
| S&P 500 (US) | 7,365.46 | -1.44% | 40.9 | +83.60% | Neutral |
| HSI (HK) | 23,336.28 | -0.65% | 17.2 | +1.80% | Bearish |
| Shanghai Comp (CN) | 4,106.25 | +1.78% | 60.3 | +82.60% | Neutral |
| CSI 300 (CN) | 4,919.39 | +0.21% | 56.7 | +91.00% | Neutral |
STI (+0.22%) continues leading, up 3.15% monthly and parked at 97% of its 52-week range — the clear regional outperformer. HSI (RSI 17.2) and Shanghai Comp (up 1.78% with 5x volume) represent the extremes: HK is in full capitulation while mainland China sees aggressive dip-buying. S&P 500 (-1.44%, RSI 40.9) is sliding but not yet oversold — a moderate correction within a bull trend.
3. SGX Stocks (SGD)
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|
| DBS | 66.11 | -0.27% | 63.4 | +0.09 | +3.18% | +8.40% | +16.50% | +99.20% |
| OCBC | 25.10 | +0.12% | 63.6 | +0.03 | +4.32% | +8.46% | +23.81% | +99.50% |
| UMS | 2.64 | +2.72% | 54.9 | +0.01 | -0.25% | +7.43% | +68.78% | +76.70% |
| Sheng Siong | 3.23 | -0.31% | 75.6 | +0.02 | +2.80% | +4.47% | +20.26% | +96.50% |
| HSTECH | 0.72 | -2.44% | 17.9 | +0.02 | -6.25% | -7.82% | -17.58% | +0.00% |
Banks (DBS +8.4% above MA50, OCBC +8.5% above MA50) remain the STI's backbone with Golden Cross intact and near all-time highs. Sheng Siong (RSI 75.6) is overbought — defensive demand has pushed it to 97% of 52-week range; consider trailing stops. UMS (+2.72%) recovering with Golden Cross, volume thin at 0.01x. HSTECH (RSI 17.9, Death Cross) is deeply oversold — the tech-heavy ETF is suffering alongside global tech weakness, 17.6% below MA200. Major divergence: banks at highs vs HSTECH at lows — a rotation story.
4. US Stocks (USD)
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|
| NVDA | $200.04 | -4.13% | 38.8 | +0.99 | -4.96% | -4.76% | +5.15% | +59.90% |
| AAPL | $294.30 | -0.91% | 33.5 | +0.98 | -2.64% | +1.43% | +9.50% | +80.40% |
| TSLA | $381.61 | -5.79% | 36.4 | +1.04 | -7.11% | -5.62% | -8.60% | +44.20% |
| MCHI | $51.81 | -1.99% | 19.0 | +0.55 | -5.06% | -8.20% | -14.08% | +1.30% |
Broad sell-off: NVDA (-4.13%, RSI 38.8) and TSLA (-5.79%, RSI 36.4) leading the decline. NVDA still holds a Golden Cross and sits 5.2% above its MA200 — a correction within an uptrend, not a breakdown. AAPL (-0.91%) is more resilient at RSI 33.5, still above MA50 and MA200. MCHI (RSI 19.0, Death Cross) is in freefall, reflecting China ADR weakness mirroring HK. Notable: all four US names show declining volume vs 20d average, suggesting this sell-off lacks panic — more of a grinding de-risk than a capitulation event. S&P 500 at 83.6% of 52-week range, still in Golden Cross territory.
5. HKSE Stocks (HKD)
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|
| BYD | HK$75.85 | -3.19% | 9.2 | +1.25 | -13.28% | -21.24% | -24.02% | +0.40% |
| Alibaba | HK$98.95 | -3.84% | 8.4 | +0.98 | -14.62% | -21.08% | -31.61% | +0.30% |
Capitulation territory: HSI (RSI 17.2) just cleared 23,336 — within 1.8% of its 52-week low. Alibaba (RSI 8.4) and BYD (RSI 9.2) are at the knife's edge of their 52-week lows with Death Crosses across all timeframes. BYD volume 1.25x elevated — selling pressure remains heavy. These are textbook contrarian setups: RSI below 10 is historically rare and often precedes sharp mean-reversion bounces. However, with no catalyst in sight (China regulatory uncertainty, weak macro), bottom-fishing carries significant risk of catching a falling knife. Monitor for volume exhaustion (\<0.8x) before deploying capital.
6. Crypto (USD)
Fear & Greed: 17/100 - Extreme Fear (up)
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|
| BTC | $62,841.39 | -1.74% | 55.6 | +1.32 | -0.98% | -12.07% | -17.80% | +5.60% |
| ETH | $1,665.68 | -3.52% | 55.4 | +1.09 | -1.69% | -15.25% | -29.12% | +4.60% |
| DOGE | $0.08 | -4.21% | 37.8 | +1.54 | -6.91% | -18.70% | -26.02% | +0.40% |
Fear & Greed at 17 — Extreme Fear, up from 14 last week but still deep in capitulation territory. BTC (62,841, RSI 55.6) is actually neutral on RSI — price has stabilized after the drop, sitting just 1% below MA20. Death Cross in place (20<50) but BTC historically bottoms during Extreme Fear readings. ETH (-3.52%, RSI 55.4) is 29% below MA200 — deeper structural damage. DOGE (RSI 37.8) nearing its 52-week low at $0.08 with elevated volume (1.54x). The FG Index's "up" trend (14→17) is a marginal positive but one data point doesn't make a recovery. Watch for BTC reclaiming MA20 (~64k) as first sign of momentum shift.
7. Currency Corner (SGD Perspective)
SGD weakening vs USD: USD/SGD at 1.30, up 0.71% today (more SGD per USD = SGD weaker). This helps SGX stocks in USD terms — the strong STI rally is even more pronounced when translated back to USD. For Singapore investors holding US stocks, the weaker SGD is a mild tailwind on repatriation. CNY/SGD at 0.19 suggests RMB broadly stable vs SGD. Portfolio impact: SG-heavy portfolios benefit from SGD weakness amplifying STI gains; HK positions get no FX relief since HKD is pegged to USD.
8. Key Signals
Oversold (RSI < 25)
- Alibaba RSI 8.4
- BYD RSI 9.2
- HSI RSI 17.2
- HSTECH RSI 17.9
- MCHI RSI 19.0
Unusual Volume (High)
- Shanghai Comp 4.99x
- CSI 300 5.00x
Unusual Volume (Low)
- DBS 0.09x (thin)
- DBS 0.09x (thin)
- OCBC 0.03x (thin)
- OCBC 0.03x (thin)
- UMS 0.01x (thin)
- Sheng Siong 0.02x (thin)
- HSTECH 0.02x (thin)
Near 52W High (>95%)
- OCBC 99.5%
- OCBC 99.5%
- DBS 99.2%
- DBS 99.2%
- STI 97.3%
- Sheng Siong 96.5%
Near 52W Low (<10%)
- HSTECH 0.0%
- Alibaba 0.3%
- DOGE 0.4%
- BYD 0.4%
- MCHI 1.3%
- HSI 1.8%
- ETH 4.6%
- BTC 5.6%
Golden Cross (MA20 > MA50)
- AAPL
- CSI 300
- DBS
- DBS
- NVDA
- OCBC
- OCBC
- S&P 500
- STI
- Sheng Siong
- TSLA
- UMS
Death Cross (MA20 < MA50)
- Alibaba
- BTC
- BYD
- DOGE
- ETH
- HSI
- HSTECH
- MCHI
- Shanghai Comp
Signal Interpretation
The picture is one of extreme divergence. SG banks and STI are near all-time highs with healthy Golden Crosses — the Singapore market is firing on all cylinders. Meanwhile, HK/China (Alibaba, BYD, HSI, MCHI) are at or near 52-week lows with single-digit RSI readings, signalling full-blown capitulation. US megacaps (NVDA, AAPL, TSLA) are in a moderate pullback but still technically healthy (Golden Crosses intact). Crypto has the Fear & Greed narrative but BTC RSI is actually neutral at 55 — not as oversold as the headlines suggest. The actionable takeaway: SG positions should be trimmed into strength (especially Sheng Siong at overbought RSI 75+), while watching HK/China for a volume-exhaustion bounce signal before deploying cash.
9. Earnings Calendar Alert
No watchlist tickers have earnings scheduled within the next 14 days. Q2 2026 earnings season starts mid-July — next notable dates: TSLA typically reports mid-July, NVDA late August. SGX banks (DBS, OCBC) reported Q1 results in May. Alibaba's June quarter results expected early August.
10. TL;DR
Key Takeaway
SG is the standout — STI at 97% of 52-week range, banks with Golden Crosses firing on all cylinders. This is the market to hold, not chase: Sheng Siong (RSI 75.6) needs trailing stops trimmed. HK/China is in full capitulation — Alibaba and BYD at RSI 8-9 with Death Crosses, textbook contrarian but no catalyst yet. Wait for volume exhaustion (below 0.8x) before deploying cash into these names. US megacaps are correcting moderately — NVDA and TSLA down 4-6% but Golden Crosses intact; not a breakdown. Crypto Extreme Fear (17) is a historical buying zone — BTC RSI 55 is neutral, not washed out, so partial DCA rather than full commitment. SGD weakening (+0.71% vs USD today) is a tailwind for SGX positions. Overall: rotate from overbought SG names into oversold HK/China on confirmation of a volume exhaustion bounce.