Company results fail to excite markets

However, the flurry of good company results pouring in the past few weeks failed to excite the market that has remained lukewarm with the mainstream DCI pushing up by a 3.23 percent on a year-to-date basis while the FCI weakened by 0.7 percent.

Although some impressive results have been registered by large caps such as Barclays, FNBB, Sefcash, G4S and BIHL, there has not been a corresponding rise in share prices in the first quarter of the year, particularly for the large capitalised stocks.