Smallcap Segment Leads Stock Market with Mixed Performances and Technical Changes

The stock market is constantly evolving and today, the smallcap segment is taking the lead. People's Insurance Plc has emerged as the best performer with a return of 13.08%, while E.B. Creasy & Co. Plc has been the worst performer with a return of 14.52%. This shows that the smallcap segment is currently driving the market.

The advance decline ratio of the stocks in this smallcap segment is also worth noting. Out of the 26 stocks, only 2 are advancing while 24 are declining, resulting in a ratio of 0.08x. This indicates that the majority of the stocks in this segment are facing a downward trend.

However, there are some stocks that have recently shown a change in their technical call. Kelani Valley Plantations Plc and The Colombo Fort Land & Building Co. Plc have both shifted from being mildly bullish to bullish. This change in technical call could be a positive sign for these stocks and may attract investors' attention.

Investors should keep a close eye on these two stocks as they could potentially see an increase in their value. With the smallcap segment driving the market today, it is important to stay updated on the latest trends and changes in the stock market. As always, it is advisable to do thorough research and consult with a financial advisor before making any investment decisions.