TRADERS WATCH 36
Mixed Earnings Reports amidst Low Confidence weighs NSE Indicators down The nation’s stock market over the past week had mixed performance as Friday’sbear trading reduced the gaining momentum to close higher and the same time halt the three weeks down market that have dampened investors optimism for the ongoing earnings season which has reflected on the mixed reactions to the released scorecards. Meanwhile, the Composite index NSE All-Share Index gained 85.46 points to close last week at 25,250.37 points, from an opening figure of 25,164.91 points, representing a 0.34% growth on a low volume of trades that signal cautious trading, even when investors are repositioning and accumulating more in some positions as more earnings reports are expected to be in the market going forward into the month of march. The buying volume of total transactions for the week was 42%, while selling position was 58% to reverse the previous weeks bear transition. ...