NSE | AIB Axys June 2022 Stock Picks
Stock market poor performance intensified with the Market Capitalization declining 14.30% in May due to the ongoing foreign investor selloff that continues to persist as foreign investors flee to invest in ‘safer’ havens backed by the increased target range for interest rate by the FED from 0.00% to 0.50% to the new target range of 0.75% to 1.00%. The NSE 20 and the NASI recorded downward m/m trends of -6.60% and -13.60%, contributing to the market weakness.