Softlogic Stockbrokers reveals its top stock picks

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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.