Research Updates

Market Round-Up
13/12/18

Short Description
The selling spree continued in today’s trading leading the market to reach a low of 37,767 points

Detail Description

The selling spree continued in today’s trading leading the market to reach a low of 37,767 points as uncertainty continues to loom over the bourse. The 38k level was continually tested in the second half but a slight recovery towards the tail-end of the session allowed the market to close at 38,465 points, down 296 points. Market activity however remained shoddy with the main board displaying 57.73mn shares while the broader market gathered volumes of 84.25mn shares. Small-cap stocks saw the bulk of interest with TRG, PAEL and KEL turning out as the volume leaders with 5.85mn, 4.79mn and 4.44mn shares respectively. We expect the market to continue sagging until economic and political uncertainty subside and we recommend investors to cherry-pick from attractive valuations among fundamentally-sound scrips.
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