The results coming out on the quarterly performance of listed companies are mostly executional and in many cases it’s an all time high . And better than the July/Sep quarter of 2021.the numbers are even better when compared to the corresponding quarter of Sep/Dec of 2020. Hence the expectation is for the market to consolidate further before breaking out towards the 15000 ASPI mark which is likely to be achieved by May. The market closed up 11 points on ASPI and 15 on S&P on a very low turnover of just 2.25 billion which indicates that the selling pressure has eased while the buyers are cautious and looking to consolidate their new positions without moving up on prices. The advise is to follow the traditional research done through brokerages than to follow some of the inaccurate social media influencers .
