Leading stock broking house Softlogic has unveiled what it believes as top counters for the upcoming week.
Last week the ASPI lost over 451 points or 4.8% and the S&P SL shed 159 points or 4.6%. However year-to-date the ASPI was up 31% and the S&P SL 20 was up 26%.
Softlogic said the “Top-Picks for the week” form a subset comprising of defensive shares that have become irrationally undervalued in the short run due to the market momentum and/or informational inefficiencies, providing an opportunity for trading gains.
It said the pick is a collection of counters within its research coverage which have a strong fundamental growth story in the medium to long term.