The Redux Global ICT 100 Index (‘R-100’) slipped 0.15% in the month to 01 July, closing at 994.92 compared to 996.47 at the end of the May trading month. The result means that the R-100 ended its first year of operation just over 0.5% down on its July 2004 opening numbers.

The pattern of R-100 results for last month was a familiar one, with significant improvements in two regions (Europe and Asia-Pacific) offset by heavy declines in the third (North America). The Asian technology share basket was up 2.92%, while Europe gained 1.96%. North American stocks were off 2.5% over the month.

Leading the way in Asia were companies such as NTT, KDDI, China Mobile and SingTel; shares in manufacturers were generally firm. Big gainers in Europe included Ericsson, BT, Reuters, Telekom Austria, SAP and Greece’s OTE.

North America saw numerous technology companies surrender recent growth accumulated in the first five months of 2005. Among these were Apple Computer, Ebay, Microsoft, Qualcomm and Yahoo.

One candle on the cake
Later this week a review of the R-100’s first year will appear here. This includes chart information and data on the leading performers of the last 12 months – and some of the most disappointing, too. It also correlates the R-100 alongside other leading stock indices.

The R-100’s high for the year was 1027.06 (31 December, 2004); the low was 929.04 (27 August, 2004). These latest results are thus nearer to the peak than the nadir. So, while meatphorically blowing out the candle on the R-100’s first birthday cake, make a wish: more Redux please.
Jim Chalmers