Large Cap Stocks Drive Market with Strong Advance-Decline Ratio and Positive Performance
Asiri Hospital Holdings PLC, National Development Bank Plc, Ceylon Tobacco Co. Plc, and Ceylinco Insurance Plc. These stocks have shown a positive trend in the market, with Asiri Hospital Holdings PLC being the best performer with a return of -2.00%. On the other hand, John Keells Holdings Plc has been the worst performer with a return of -0.89%.
The market today is being driven by the performance of these large cap stocks, with a total of 26 stocks advancing and only 8 declining. This shows a strong advance-decline ratio of 3.25x, indicating a bullish sentiment in the market.
Among the top performers, Asiri Hospital Holdings PLC has shown a mildly bullish to bullish trend, while National Development Bank Plc has also shown a similar trend. Ceylon Tobacco Co. Plc and Ceylinco Insurance Plc have both shown a bullish to mildly bullish trend, further contributing to the positive sentiment in the market.
Investors are keeping a close eye on these large cap stocks as they continue to drive the market today. With a strong advance-decline ratio and positive technical calls, it is expected that these stocks will continue to perform well in the coming days. This makes it an opportune time for investors to consider adding these stocks to their portfolio.