Yesterday’s performance was triggered by the fall on Monday where the total chaotic situation with power cuts , petrol diesel gas and many other queues not going away and the rumors on social media about how many companies are getting effected with the devaluation not finding an echinoderm yet and going past 300 is spooking the retail investors and the continuous retreat of the so called dollarised counters of LOLC and BIL and the retail darling of the same group LOFC has tanked in the last few weeks that has actually wiped out a lot of value from the market and eroded the confidence of many of the investors holding such counters. However it seems some of the other counters like JKH and Expo held on to prices though it retreated slightly up to the circuit breaker event and recovered to close marginally down. Today will be a test to see if the HNI and Institutional buying will come in to counter the bargains offered or the fear will further pressure the prices to come down some of the high leveraged counters like LOFC LOLC BIL RCL and ACL type of counters
