Buying was more perceptible within small and midcap stocks
in the bourse, whose capitalisation gained 0.
Following the outperformance of small and midcap stocks
, many of these stocks now command a premium valuation, compared to their larger peers," said Miller.
Smallcap and midcap stocks
, which in previous sessions had bucked a weak trend, saw a huge sell- off with their indices falling over three per cent each.
Equity MFs, which have exposure to small and midcap stocks
, were among the biggest losers.
CHICAGO: Like the middle children they are, midcap stocks
are often outshined by their mega-cap brethren.
Valuations are more attractive and opportunities are bigger" in midcap stocks
, he said.
It just follows the top 400 Midcap stocks
in the S&P 500 index.
Scheme Classification & Objective: The basic objective of Sahara Midcap fund is to achieve long term capital growth at medium level of risks by investing primarily in Midcap stocks
81 (USD56) on Euronext Paris at close yesterday, after Gilbert Dupont withdrew it from its list of favourite midcap stocks
A wide range of small cap and midcap stocks
came under selling pressure from the outset of trading, following recent strong gains in the market.
After a lacklustre opening to the week, the FTSE 100 pushed higher in afternoon trading, supported by reassuring corporate figures and some take over activity in UK midcap stocks
Investors mainly scouted for large and midcap stocks
in the market, whose capitalisation grew about 1% to QR502.