Market Driven by Bullish and Mildly Bullish Sentiments, Top Performers Emerge
The market is currently being driven by a mix of bullish and mildly bullish sentiments, with some stocks showing strong performance while others are struggling. Emaar Properties PJSC, Aldar Properties PJSC, Abu Dhabi National Energy Co. PJSC, Emirates NBD Bank PJSC, and Apex Investment PSC are all showing bullish to mildly bullish trends in the large cap index.
Among these stocks, Salik Co. PJSC has been the best performer with a return of 2.83%, while Ghitha Holding PJSC has been the worst performer with a return of -3.10%. This shows a clear contrast in the performance of these two stocks.
In terms of the overall market, the advance decline ratio for the large cap segment is currently at 1.44x, with 23 stocks advancing and 16 stocks declining. This indicates a slightly positive sentiment in the market, with more stocks showing an upward trend.
Investors should keep an eye on these stocks as they continue to drive the market today. With a mix of bullish and mildly bullish trends, it is important to carefully analyze each stock's performance and make informed investment decisions. As always, it is recommended to consult with a financial advisor before making any investment decisions.