Softlogic Stockbrokers reveals its top stock picks

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.