ADX sees mixed trading day with notable gainers and losers

Aug 26 2024 01:01 PM IST

Today, the Abu Dhabi Securities Exchange (ADX) experienced a mixed trading day, with the overall market falling by 0.19%. While 0 sectors advanced, 1 sector declined. Notable gainers included ADNOC Logistics & Services Plc, Gulf Navigation Holding PJSC, and Amanat Holdings PJSC, with increases in their stock prices. On the other hand, Phoenix Group Plc, Al Yah Satellite Communications Co. PJSC, and Palms Sports PJSC were the top losers. The advance-decline ratio was positive, but the overall market cap saw a decline. Investors should monitor the top gainers and losers, as well as the market trend, for informed decision making.

The Abu Dhabi Securities Exchange (ADX) saw a mixed trading day today, with the overall market falling by 0.19%. Out of the 1 sectors, 0 advanced while 1 declined. The top losing sector was the Abu Dhabi Securities Exchange, with a loss of 0.19%.

Despite the overall market decline, there were some notable gainers in the large, mid, and small cap categories. ADNOC Logistics & Services Plc was the top large cap gainer, with a 4.02% increase in its stock price. Gulf Navigation Holding PJSC and Amanat Holdings PJSC were the top mid and small cap gainers, with increases of 0.46% and 6.25%, respectively.

On the other hand, the top losers in the market were Phoenix Group Plc, Al Yah Satellite Communications Co. PJSC, and Palms Sports PJSC, with losses of 2.37%, 0.51%, and 2.30%, respectively.

The advance-decline ratio across the ADX was 47 advances to 30 declines, indicating a positive sentiment in the market. However, the overall market cap of the ADX saw a decline of 0.19%.

Investors should keep an eye on the top gainers and losers in the market, as well as the overall market trend, to make informed decisions. The top gainers in the ADX today were Amanat Holdings PJSC, Gulf Cement Co. PSC, and ADNOC Logistics & Services Plc, while the top losers were Ras Al Khaimah Co. for White Cement & Construction Materials, Phoenix Group Plc, and Abu Dhabi National Hotels.

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