Smallcap Segment Shows Promising Signs, Emirates Refreshments Co. Bearish to Mildly Bearish
Emirates Refreshments Co. - Bearish to mildly bearish
The smallcap segment has been the best performer in the market today, with Orascom Construction Plc leading the pack with a return of 3.91%. This is a significant increase compared to the worst performer, Invictus Investment Co. Plc, which saw a return of -3.16%.
The advance decline ratio in this smallcap segment is also positive, with 14 stocks advancing and only 8 declining. This indicates a healthy market sentiment and investor confidence in this segment.
However, it is important to note that the technical calls for some of the stocks in this smallcap segment have recently changed. Gulf Pharmaceutical Industries is now bullish to mildly bullish, Ras Al Khaimah Ceramic Co. is sideways to mildly bullish, and Emirates Refreshments Co. is bearish to mildly bearish.
This change in technical calls could be attributed to various factors such as company performance, market trends, and economic conditions. Investors should keep a close eye on these stocks and conduct thorough research before making any investment decisions.
Overall, the smallcap segment is showing promising signs in the market today, with strong performers and a positive advance decline ratio. However, investors should always exercise caution and make informed decisions when it comes to their investments.