Smallcap Segment Shows Mixed Performances, Technical Calls Shift for Select Stocks
The smallcap segment of the market has been making waves today, with some notable performances from both the best and worst performers. People's Insurance Plc has emerged as the top performer with a return of 13.40%, while E.B. Creasy & Co. Plc has seen a decline of 30.08%, making it the worst performer in this segment.
The advance decline ratio for the stocks in this smallcap segment stands at 2 stocks advancing and 24 stocks declining, with a ratio of 0.08x. This indicates a bearish trend in the market, with more stocks declining than advancing.
However, there have been some recent changes in the technical calls for certain stocks in this smallcap index. Jetwing Symphony PLC has shifted from a mildly bullish to a bullish outlook, while Vallibel Power Erathna Plc has moved from a bullish to a mildly bullish stance.
Investors and traders in this segment should keep a close eye on these stocks as they may present potential opportunities for profit. With the market constantly changing, it is important to stay updated on the latest trends and technical calls to make informed decisions. Stay tuned for more updates on the smallcap segment and its performance in the market.