Smallcap Stocks Show Mixed Performance, Some See Technical Shifts
The smallcap segment of the market has been the best performer today, with People's Insurance Plc leading the way with a return of 1.30%. However, not all stocks in this segment have seen positive returns, with E.B. Creasy & Co. Plc being the worst performer with a return of -1.14%.
The advance decline ratio for the smallcap stocks is currently at 0.08x, with only 2 stocks advancing and 24 stocks declining. This indicates a bearish sentiment in the market for this segment.
However, there are some stocks in this smallcap segment that have recently seen a change in their technical call. SANASA Development Bank Plc, The Kingsbury Plc, The Colombo Fort Land & Building Co. Plc, and Alumex Plc have all shifted from a bullish to mildly bullish outlook. This could be a positive sign for these stocks and may attract investors looking for potential growth opportunities.
Overall, the smallcap segment of the market is showing mixed performance today, with some stocks seeing positive returns while others are struggling. Investors should carefully analyze the technical calls and performance of individual stocks before making any investment decisions in this segment.