Mid-Cap Stocks Show Mixed Sentiments, Investors Should Monitor Technical Calls and Performance
The market today is being driven by a mix of bullish and mildly bearish sentiments, with some stocks showing a shift in their technical calls. In the mid-cap segment, Lanka Tiles PLC is currently showing a mildly bearish to mildly bullish trend, while Dipped Products Plc is bullish to mildly bullish. People's Leasing & Finance PLC and Access Engineering Plc are both showing a bullish to mildly bullish trend. On the other hand, Watawala Plantations Plc is currently experiencing a mildly bearish to bullish trend.
In terms of performance, the mid-cap segment has been the best performer, with Hayleys Fabric Plc showing a return of 0.00%. However, Aitken Spence Hotel Holdings Plc has been the worst performer in this segment, also with a return of 0.00%.
Looking at the overall market, the advance decline ratio for mid-cap stocks is currently at 15:7, indicating that 15 stocks are advancing while 7 are declining. This translates to a ratio of 2.14x, showing a slightly positive sentiment in the market.
Investors should keep an eye on the technical calls and performance of these mid-cap stocks, as they can provide valuable insights into the current market trends. With a mix of bullish and bearish sentiments, it is important to carefully analyze each stock before making any investment decisions.