After registering growth of 14.1% in three months from 01 August to 31 October,  the Redux Global ICT 100 Index (R-100) still just managed to register a third consecutive all-time high during the trading month of November. The R-100 gained 1.4% to reach a new record of 1197.64, compared to 1180.79 at the end of October (for a breakdown of last month, click here).

In the EMEA region, 26 stocks were up while 14 were down. The net gain in EMEA was 0.1%. This is nonetheless a fourth consecutive positive result for the EMEA component of the R-100 (and for the R-100 as a whole).

Tech stocks in the Americas were a mixed bag, too. 25 gainers compared to 15 decliners; overall the rise was 1.9%. In a general pattern, traditional carriers fell back after recent gains but were compensated for by hardcore technology and e-commerce stocks surging ahead.

In Asia, Japanese ICT shares continued to fall. Stocks elsewhere in the region (notably among the China-based carriers) made up for this, with an overall gain of 1.8%. Eleven companies ended the month in positive territory, with eight in decline and one unchanged.

As 2006 draws to a close, the R-100 is 11.1% up on the year-to-date (excluding dividends) basis after 11 months. This month’s slowdown and volatility suggests that it may be hard to extend that winning streak up to the start of 2007.
Jim Chalmers