Smallcap Segment Shows Resilience with Strong Performers and Positive Sentiment
Societe Generale SA - Bearish to mildly bearish
Air France-KLM SA - Bullish to mildly bullish
The market is constantly evolving and today, the smallcap segment has been the best performer with a return of 3.52%. This is driven by the strong performance of Rexel SA, a leading distributor of electrical supplies, which has seen a significant increase in its stock price.
On the other hand, the worst performer in this segment is Accor SA, a multinational hospitality company, with a return of -1.41%. This decline can be attributed to the ongoing pandemic and its impact on the travel and tourism industry.
Despite this, the advance decline ratio in this smallcap segment remains positive with 15 stocks advancing and only 6 declining. This indicates a healthy market sentiment and a 2.5x ratio further reinforces this.
In terms of technical calls, there have been some recent changes in the smallcap index. Vivendi SE, a French mass media conglomerate, has shifted from a bullish to a mildly bullish outlook. On the other hand, Societe Generale SA, a leading European financial services company, has moved from a bearish to a mildly bearish stance. Lastly, Air France-KLM SA, a major airline group, has seen a shift from a bullish to a mildly bullish outlook.
Overall, the smallcap segment is showing resilience and potential for growth despite the challenges posed by the current market conditions. Investors should keep a close eye on these stocks and their technical calls for potential opportunities in the market.