Eventually, the market should resume its upward trend.
Today there was a lot more diversity in the buying.
Next week we'll have a soft start since U.S. markets will be closed Monday and trading is likely to show very thin.
The market is already pricing in that (the debt upgrade) is coming. That improves the country's (economic) perspective.
The market's performance was partly in response to disenchantment over the budget. Let's say the growth target is in no way encouraging, although it is positive.
If the debt upgrade happens, it will likely benefit banking issues the most.
What's happening now is that the market remains trading at very thin volumes and that can affect prices, even when just a handful of shares are traded. The decision of any fund to pull out from certain stock hits the price.
The market is being affected somewhat by the volatility and expectations surrounding the exchange rate.
Everyone's expecting a big rally at the beginning of next year and nobody wants to be left out.
Copyright © 2024 Electric Goat Media. All Rights Reserved.