Bulls back as financial stocks recover

Trading in the past few weeks has given strong indications that the market correction that has lasted almost a year may finally be over.

According to a report by Capital Securities, most of the domestic stocks continue to recover from the lows seen over the last 12 months with financial sector, which is approaching its financial reporting season, in the forefront.

In a reversal of the bearish trend that hit the commercial banks since late last year, Standard Chartered, Barclays, ABCH and BIHL have registered strong gains in the past weeks.

Editor's Comment
When power scorns accountability

While every citizen, including the Head of State, has the right to voice opinions, the tone and context of the President’s comments were regrettably dismissive and risk chilling free expression in our country. The remarks are not isolated. They form part of a disturbing pattern of public attacks on independent institutions pillars essential to the healthy functioning of our democracy. The Judiciary, the Legislature, and now the media have all...

Have a Story? Send Us a tip
arrow up