ADX sees positive trend with top companies and sectors driving market growth
The Abu Dhabi Securities Exchange (ADX) is showing a positive trend today, with the index trading at 9,673.97 and a gain of 15.15 points or 0.16%. This is a reflection of the overall market sentiment, with 43 advances and 36 declines, resulting in an advance-decline ratio of 1.19x.
The top gainer in the large cap category is Multiply Group PJSC, with a gain of 4.13%. In the mid cap category, Dubai Taxi Co. PJSC is leading with a gain of 0.81%. The small cap category is seeing a significant rise with Palms Sports PJSC gaining 5.71%.
On the other hand, the top loser in the large cap category is National Marine Dredging Co. with a decline of 1.19%. Al Seer Marine Supplies & Equipment Company PJSC is the biggest loser in the mid cap category, with a decline of 5.48%. In the small cap category, Emirates Reem Investments PJSC is down by 5.08%.
The ADX Caps, which measures the performance of the top 10 companies listed on the exchange, is also showing a positive trend with a rise of 0.16%. This indicates that the market is being driven by the top companies listed on the exchange.
In terms of sectors, the ADX is seeing a positive trend with 1 sector advancing and 0 sectors declining. The top gaining sector is the Abu Dhabi Securities Exchange, with a rise of 0.16%.
Some of the top gainers on the ADX today include Abu Dhabi National Takaful Co. PJSC with a gain of 15.00%, Dubai Refreshment Co Pjsc with a gain of 14.49%, and Palms Sports PJSC with a gain of 5.71%. On the other hand, the top losers include Alliance Insurance PSC with a decline of 8.33%, Al Seer Marine Supplies & Equipment Company PJSC with a decline of 5.48%, and Emirates Reem Investments PJSC with a decline of 5.08%.
Overall, the ADX is showing a positive trend today, with the market being driven by top companies and sectors. Investors can expect to see continued growth and positive movement in the coming days.