While the MSCI FM (-0.3%) and MSCI EM (-0.1%) plunge resumed, local bourse performance was mixed, marked by ALTEO‘s (+4.3%) highest 1-day gain since Feb-17 and TERRA’s (+1.7%) gain. Consequently, the SEMDEX (+0.1%) and ALCAPEX-12 (+0.1%) closed higher while the ALEX-20 (-0.2%) dropped by IBL’s (-0.5%) retreat.


TMT of Rs50M was geared mainly towards Financials [82%]. MCB [72%; NFS: Rs13M] experienced the re-emergence of foreign participation (foreign sales 84%) pulling its price down to Rs273 (-0.1%). An active AFREX [8%; NFS: Rs4M] dropped to $3.50 (-2.8%) while SBM climbed to Rs6.22 (+0.3%).


Among worst performers, LFL plunged to near 2Mth-Low Rs50.75 (-9.0%) on thin exchanges and LOTO dropped at 6½Mth-Low Rs8.86 (-1.6%)