ADX Records Positive Movement with Strong Gains in Top Sectors and Companies
The Abu Dhabi Securities Exchange (ADX) is showing positive movement today, with 1 sector advancing and 0 sectors declining. The top gaining sector is the Abu Dhabi Securities Exchange, with a 0.65% increase. This is reflected in the advance-decline ratio of 64 advances to 30 declines, showing a strong 2.13x ratio.
The ADX Caps index is also on the rise, with a 0.65% increase. This is driven by the top gainers in the market, including Gulf Medical Projects Co. with a 13.33% increase, Fertiglobe Plc with a 12.68% increase, and Burjeel Holdings Plc with an 11.11% increase. On the other hand, the top losers in the market include National Cement Co. with a -10.14% decrease, Oman Insurance Co. with a -10.00% decrease, and Emirates Investment Bank with a -9.39% decrease.
The overall market sentiment is positive, with the ADX trading at 9,124.85 and a gain of 59.09 points or 0.65%. The top large cap gainer is Apex Investment PSC with a 7.37% increase, while the top mid cap gainer is Bayanat AI Plc with a 2.67% increase. The top small cap gainer is ESG Emirates Stallions Group PJSC with a 2.53% increase.
On the other hand, the top large cap loser is Ghitha Holding PJSC with a 2.80% decrease, followed by Al Yah Satellite Communications Co. PJSC with a -2.35% decrease as the top mid cap loser. The top small cap loser is Amlak Finance PJSC with a -2.50% decrease.
Overall, the ADX is showing a positive trend today, with strong gains in the top sectors and companies. Investors can keep an eye on the top gainers and losers to make informed decisions in the market.