Midcap Segment Leads Market with Strong Bullish Sentiment and Top Performers Emerge
The market is buzzing with activity today as the midcap segment takes the lead with a 2.14x advance decline ratio. Out of the 22 stocks in this segment, 15 are advancing while only 7 are declining. This indicates a strong bullish sentiment in the market.
Among the top performers in this segment is Hayleys Fabric Plc, with a return of -1.43%. This company has been consistently delivering positive results, making it a favorite among investors. On the other hand, Aitken Spence Hotel Holdings Plc has been the worst performer with a return of -0.88%. This could be due to the ongoing pandemic and its impact on the hospitality industry.
In terms of technical calls, Union Bank of Colombo Plc, CIC Holdings Plc, Lanka Milk Foods (CWE) Plc, and Singer (Sri Lanka) Plc have all shown a shift from mildly bullish to bullish. This indicates a positive outlook for these stocks and could be a good opportunity for investors to consider.
Overall, the midcap segment is driving the market today with its strong performance and positive sentiment. With the current economic climate, it is important for investors to keep a close eye on market trends and make informed decisions. Stay tuned for more updates on the market's performance.