Kone Oyj and Fortum Oyj Lead Bullish Trend in Large Cap Market
The market is currently being driven by two major companies, Kone Oyj and Fortum Oyj, which are showing a mildly bullish to bullish trend. In the large cap index, these two stocks have recently seen a change in their technical call.
Kone Oyj, a leading manufacturer of elevators and escalators, has been performing well and is currently showing a bullish trend. On the other hand, Fortum Oyj, a Finnish energy company, is also showing a mildly bullish to bullish trend.
In terms of performance, Sampo Oyj has been the best performer in this large cap segment with a return of 2.09%. This is followed by Kone Oyj and Fortum Oyj, which are also showing positive returns. However, Neste Corp. has been the worst performer with a return of -3.08%.
Looking at the advance-decline ratio, it can be seen that 7 stocks in this large cap segment are advancing while 5 stocks are declining. This results in a ratio of 1.4x, indicating a slightly positive sentiment in the market.
Overall, the market is being driven by the positive performance of Kone Oyj and Fortum Oyj, along with the overall bullish trend in the large cap segment. Investors should keep an eye on these two stocks as they continue to show promising growth.