ADX Soars with 86 Advances to 35 Declines, Positive Market Sentiment Prevails
The Abu Dhabi Securities Exchange (ADX) is showing strong performance today, with an advance decline ratio of 86 advances to 35 declines, indicating a positive market sentiment. The ADX Caps index is also on the rise, gaining 0.87% and currently trading at 10,150.65 points.
The top gainers on the ADX today include Union Properties Ltd., Al Mal Capital REIT, and Abu Dhabi National Co. for Building Materials, with impressive gains of 30.47%, 29.81%, and 23.13% respectively. On the other hand, the top losers are Abu Dhabi National Takaful Co. PJSC, Ghitha Holding PJSC, and ESG Emirates Stallions Group PJSC, with declines of -22.16%, -16.90%, and -15.02%.
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 gain of 0.87%. This is reflected in the top large cap gainer, Presight AI Holding PLC, which is up by 22.22%. The top mid cap gainer is Bayanat AI Plc, with a gain of 18.03%, while the top small cap gainer is Union Properties Ltd. with a significant increase of 30.47%.
On the other hand, the top large cap loser is Ghitha Holding PJSC, with a decline of -16.90%. The top mid cap loser is Al Yah Satellite Communications Co. PJSC, with a decline of -2.35%, and the top small cap loser is ESG Emirates Stallions Group PJSC, with a decline of -15.02%.
Overall, the ADX is showing a positive trend today, with strong gains in both large and small cap companies. Investors can expect continued growth and stability in the market as the ADX continues to perform well.