Overall market breadth, however, remained positive on persistent buying by retail investors in
second-tier stocks.
Second-tier stocks witnessed heavy selling from retail investors and their indices underperformed the Sensex Realty, power, capital goods, consumer durable, metal, refinery and banking shares took the lead in downslide Shares of railway-related companies that were trading up at initial stages dropped up to 20% on profit-selling Prominent losers included Texmaco Rail, Titagarh Wagons, Kalindee Rail Nirman and Container Corporation.
Falls by main indexes contrasted with gains in
second-tier stocks (including Rosinter, Protek, Open Investments,Sollers, MRSKs, etc.
Second-tier stocks Pennon and Northumbrian Water were raised to neutral from underperform, helping them rise 4.
Investors were also focused on events outside the top flight after results from
second-tier stocks including TaylorWimpey and Enterprise Inns.
However, the market managed to close in the positive zone while
second-tier stocks were active.
But other
second-tier stocks fared much worse, with investment firm Rathbone Brothers suffering a 12 per cent fall to close 158p lower at 1157p.
The no-frills model will likely focus on large, listed stocks, while the full-service version will offer all of the services available today for
second-tier stocks.
emphasis toward better values among
second-tier stocks.
Investors remained active in the
second-tier stocks.
There was little in the way of corporate news, although two
second-tier stocks took their chance in the spotlight by posting strong updates.
Two other high-profile
second-tier stocks fared better, with glass maker Pilkington ahead 7p at 139.
