Smallcap Market Soars: Lanka Ceramic Plc Shifts to Mildly Bullish.
Lanka Ceramic Plc - Mildly Bearish to mildly bullish
The stock market is constantly evolving and today, the smallcap segment is taking the lead. With a return of 2.70%, Pan Asia Banking Corp. Plc is the best performer in this segment, while Dialog Finance Plc has seen a return of 0.00%, making it the worst performer.
But what's driving this market today? The advance decline ratio of the stocks in this smallcap segment is 15 advancing and 7 declining, with a ratio of 2.14x. This indicates that the majority of stocks in this segment are on the rise, driving the market forward.
In terms of technical calls, there have been some recent changes in the smallcap index. Alumex Plc, Sierra Cables Plc, Galadari Hotels (Lanka) Plc, and Lanka Ceramic Plc have all shifted from bullish to mildly bullish or mildly bearish to mildly bullish. This shows that these stocks are expected to continue their upward trend, further boosting the smallcap market.
Investors should keep a close eye on these stocks and the overall smallcap segment as it continues to outperform other segments in the market. With a strong advance decline ratio and positive technical calls, the smallcap market is definitely one to watch.