After a gain of more than 1040 point gain in the first 5 days of the year and the market seemed on a very healthy correction of around 100 plus points or over 1%.
A further retraction of possibly a similar percentage before recovering this afternoon or later towards the week . As mentioned yesterday the overall trend will continue towards the ASPI 15000 mark and would be better to watch the S&P SL 20 which is likely to move towards the 6000 mark.
Although you saw a slight uptrend on the banks that are showing magnificent numbers the uncertainty on the real effect of NPLs and other indicators as well as the low country ratings will have a burden on the performance of the Banks.
