The last day of the month is here after last week being the most volatile week for the year with the ASPI dropping over 1026 points or 8.46% and the more liquid S&P SL 20 closing 398 points or 9.62% . The indices recovered on Friday after the shocking Global events in Ukraine on Thursday that triggered indiscriminate selling of all stocks without any consideration of the intrinsic value of some of the stocks that have just reported their best ever quarterly results . However on Friday sanity prevailed and the seasoned campaigners or the HNI investers grabbed the opportunity of the heavy discounts seen in the counters that hedges for the current uncertain economic conditions especially inflation and devaluation . The market moved up with the ASPI recording it’s highest single day gain of 450 points on Friday when the buyers started compitition amongst them to pick up the value counters that were deeply oversold throughout the month. Today will be a test for further recovery although the global events may be the focus of some nervous investors .
