Traders bought defensive stocks
Air Arabia and Abu Dhabi National Energy (Taqa) in an uncertain market after volatility bruised global markets, while buying was seen in other banking and property stocks in Abu Dhabi.
As investors became more risk averse, defensive stocks
started to rally and valuations of consumer staples, utilities
The rotation to cyclical sectors of the S&P 500 and away from defensive stocks
could continue next week if Federal Reserve chair Janet Yellen strikes a tone more welcoming to an interest rate increase later this year.
Conversely, it was a poor day for many perceived defensive stocks
which have generally done well in the wake of the Brexit vote.
Petrochemical stocks are considered defensive stocks
since they attract many investors, institutions, and investment funds due to their retention of high value and high earnings.
FMIC), on the other hand, said that given the volatility, it prefers defensive stocks
over index glamour names although it did not specify any particular stock.
Real coach Carlo Ancelotti feels his defensive stocks
are one man short and Koscielny has been discussed at the Santiago Bernabeu.
were doing better, with drugs giant Reckitt Benckiser up 99p to 4833p, Imperial Tobacco ahead 27p to 2474p and Unilever rising 28p to 2663p.
Summary: Indian shares rose nearly one per cent on Monday with defensive stocks
such as ITC rising on HSBC's upgrade, while Sun Pharma surged after its adjusted June-quarter profit beat estimates.
Plus, there was demand for defensive stocks
due to weakness in investment expenditure," says Ritwik Rai, FMCG analyst, Kotak Securities.
The popularity of defensive stocks
, resilient to uncertainty in economic sentiment, reflected caution among traders ahead of a two-day meeting of the U.
Utilities, considered defensive stocks
because they yield dividends in a down market, have retreated as the market surged in recent days.