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Monday, 03 September 2007 |
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Global stock market turbulence has had an effect on our unique index of worldwide technology and new media shares, but the end result is not what you might imagine…
The summer has seen two months of see-saw trading in the technology sector, as reflected in our Redux Global ICT 100 Index (‘R-100’). Strangely, the index retreated sharply in July but rebounded strongly in August to end at yet another all-time high.
The R-100’s July close was 1351.42, down from the June-end figure of 1374.44 (a fall of 1.7% from what been a record high for the Index). In August, it climbed back 3.0% to 1391.77 establishing another new high for the R-100 since its inception in July 2004.
July 2007 saw European R-100 stocks off by 4.0%, the Americas down by 0.8% and Asia-Pacific down 0.6%. EMEA saw 15 gainers, 24 decliners with one unchanged. 13 were up against 27 down in the Americas; seven climbed while 13 fell in Asia.
In August the picture went from negative to positive. Asia clambered back up by 3.8%; EMEA posted a 3.5% gain; the Americas were up 2.5%. During the month to 31 August there were seven gainers and 12 decliners in Asia, with one unchanged. In EMEA the statistic was 26 up, 13 down and one unchanged. The Americas registered 22 climbers, 17 fallers and one unchanged.
So how did the world’s technology stocks manage an upturn in a month when global equity markets were threatening freefall? For a more detailed analysis and commentary, click here.
Jim Chalmers
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