The Chai Tattle - 4th May 2026
The force provided a half-hearted push to the market.
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The market started off brightly up almost a 100bp at the open and this led to a flurry of activity as investors had to sit out Friday trading due to labour day, but the momentum could not be kept as investors started taking in profits or stopped trading which led to a low volume.
Consumer sentiment also seems to be low but the ASEAN markets have made concrete efforts and are now divesifying their energy mix to not be dependent on oil that comes from the Strait of Hormuz shifting to Libra, Brunei, and other suppliers.
Top News
ZUMA resources announced an agreement with Telna North America that would enable ZUMA to provide eSIM, Mobile data, and Voice, and Roaming services. The company hinted at formation of its own telecom brand.
The company announced operationalization of a 50MW coal-fired power plant.
Rs 279.20
Rs 479,500
The company announced plans to initiate and employee share option scheme.