ESG Emirates Stallions Group leads smallcap stocks with 15% return, while Emirates Insurance Co. lags at -8.77%
The smallcap segment of the market has been the best performer today, with ESG Emirates Stallions Group PJSC leading the pack with a return of 15.00%. On the other hand, Emirates Insurance Co. PSC has been the worst performer with a return of -8.77%. This shows a clear divide between the top and bottom performers in this segment.
Looking at the overall trend, the advance decline ratio for smallcap stocks is currently at 0.79x, with 11 stocks advancing and 14 stocks declining. This indicates a slightly bearish sentiment in the market, with more stocks declining than advancing.
However, there have been some recent changes in the technical calls for certain stocks in this segment. Union Properties Ltd. and Deyaar Development PJSC have both shifted from being mildly bullish to bullish, while Bank of Sharjah PSC has moved from sideways to mildly bullish. This could indicate a potential uptrend for these stocks in the near future.
On the other hand, ESG Emirates Stallions Group PJSC has changed from mildly bearish to bullish, showing a positive shift in sentiment for this stock. Similarly, Abu Dhabi National Insurance Co. PSC has also moved from bullish to mildly bullish, indicating a potential upward trend for this stock.
Overall, the smallcap segment of the market is showing mixed trends, with some stocks performing well and others struggling. Investors should keep a close eye on the technical calls and performance of these stocks to make informed decisions in this volatile market.