The Amman Stock Exchange (ASE) recorded a positive performance during the week of April 26–29, with the general price index rising by 2.46% to close at 3,932.4 points, compared to 3,837.9 points the previous week. This surge signals improved investor appetite and a return to buying activity in several blue-chip stocks.
اضافة اعلان
Market Liquidity and Volume
Despite the significant index rise, trading data showed a slight decline in liquidity. The daily average trading volume reached approximately 16.9 million JD, a 3.4% decrease from the previous week's 17.5 million JD. The total weekly trading value amounted to 67.5 million JD.
Market analysts suggest that the index's climb amid lower liquidity reflects concentrated buying in specific heavyweight stocks rather than a broad-based market rally driven by high volume. This indicates a period of selective movement by investors.
Sector Performance
The three main sectors all saw positive growth:
Industrial Sector: Led market activity with a trading volume of 24.95 million JD (36.97% of total trading), benefiting from increased interest in industrial firms. Its index rose by 2.46%.
Services Sector: Followed closely with a volume of 24.68 million JD (36.56%), with a price index increase of 1.84%.
Financial Sector: Recorded a volume of 17.87 million JD (26.47%) and achieved the highest sectoral growth at 2.63%.
Stock Highlights
Out of 127 companies traded this week, the share prices of 73 companies rose, while 33 companies declined, indicating a generally bullish sentiment on the trading floor.
Top Gainers: Al-Mutasaderah for Business and Projects (+19.70%), Safwa Islamic Bank (+18.82%), Real Estate Development (+13.33%), and Jordan Telecom (Orange) with strong gains of 12.66%.
Top Decliners: Jordan National Shipping Lines led the losses with a 8.42% drop, amid profit-taking operations affecting several small-cap stocks.
Outlook
The weekly performance suggests the market maintains positive momentum. However, experts note that sustaining this upward trajectory will depend on liquidity returning to higher levels, as well as upcoming corporate earnings results and investor expectations.
(Source: Petra)
