News and Views
Recent Price Movement and Market Context
SRU Steels’ share price increase on 12-Dec reflects a brief resurgence, with the stock outperforming its sector by 4.26% on the day. Over the last two sessions, the stock has delivered a cumulative return of 12.92%, signalling some renewed investor interest. Despite this, the stock remains below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating that the broader trend remains bearish. Furthermore, investor participation appears to be waning, as evidenced by a 65.52% decline in delivery volume on 11 Dec compared to the five-day average, suggesting that the recent gains may be driven by limited trading activity rather than broad-based enthusiasm.
