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Most global markets including the US and Asian peers showcased positive trends which also lifted sentiment.
Market breadth was neutral. About 1,753 shares advanced, 1,746 declined and 83 remained unchanged
Rising US treasury yields and a strong labour market data dented hopes of a rate cut, hitting investor sentiment
The idea here is not to look for stocks that sky-rocket in weeks, only to come crashing down in days. This is more like investing in a structurally strong penny stock today that sprouts its wings over five or even 10 years