ADX sees mixed performance with 77 advances and 38 declines
The Abu Dhabi Securities Exchange (ADX) saw a mixed performance today, with a total of 77 advances and 38 declines, resulting in an advance decline ratio of 2.03x. The ADX Caps index also experienced a slight dip of 0.29%.
Among the top gainers on the ADX were Foodco National Foodstuff PJSC with an impressive increase of 18.67%, followed by Al Seer Marine Supplies & Equipment Company PJSC with a gain of 17.05%, and Arabian Scandinavian Insurance Co. with a rise of 16.19%. On the other hand, the top losers included Al Mal Capital REIT and Oman Insurance Co., both with a decline of 10%, and Union Insurance Co. with a decrease of 9.92%.
The overall market sentiment was reflected in the ADX Change, which was trading at 9,928.54 with a loss of -28.98 points or 0.29%. In terms of market capitalization, the top large cap gainer was Emsteel Building Materials PJSC with a gain of 6.87%, while the top mid cap gainer was Al Seer Marine Supplies & Equipment Company PJSC with an impressive increase of 17.05%. The top small cap gainer was Gulf Pharmaceutical Industries with a rise of 12.31%.
On the other hand, the top large cap loser was Ghitha Holding PJSC with a decline of 4.52%, followed by Al Yah Satellite Communications Co. PJSC with a decrease of 2.35%, and ESG Emirates Stallions Group PJSC with a dip of 2.56%.
Out of the 1 sector that advanced today, there were 0 sectors that declined, with the top losing sector being the Abu Dhabi Securities Exchange with a decrease of 0.29%. This mixed performance reflects the current market volatility and uncertainty. Investors are advised to carefully monitor the market and make informed decisions.