Smallcap Segment Leads Market with RAK Properties PJSC as Top Performer
ESG Emirates Stallions Group PJSC - Bearish to mildly bearish
The smallcap segment has been the best performer in the market today, with RAK Properties PJSC leading the pack with a return of 9.92%. This is a significant increase compared to the worst performer, ESG Emirates Stallions Group PJSC, which saw a return of -0.11%.
The advance decline ratio in this smallcap segment is also showing positive signs, with 12 stocks advancing and only 7 declining. This translates to a ratio of 1.71x, indicating that the majority of stocks in this segment are performing well.
Looking at the technical calls for the stocks in this smallcap index, we can see that there have been some recent changes. RAK Properties PJSC has shifted from mildly bullish to bullish, while Bank of Sharjah PSC has moved from sideways to mildly bullish. Deyaar Development PJSC has also seen a shift from mildly bullish to bullish. On the other hand, ESG Emirates Stallions Group PJSC has moved from bearish to mildly bearish.
Overall, the smallcap segment is driving the market today with strong performances from RAK Properties PJSC and positive market sentiment reflected in the advance decline ratio. Investors should keep an eye on the technical calls for these stocks as they may continue to see changes in the near future.