| R-100: hanging on in there |
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| Thursday, 07 February 2008 | |
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Our index of ICT stocks remained strong in the second half of 2007 despite market turmoil, but by the year’s end there were distinct signs of nervousness.
When the sub-prime scandals and ensuing credit crunch first rocked the world’s equity markets last summer, the Redux Global ICT 100 (R-100) wobbled, but did not fall down (click here). The R-100 followed up with a strong performance through the autumn before looking vulnerable as the year drew to a close. It ended 2007 on 1472.41, short of the October 2007 all-time high of 1529.87 but still an impressive 20.1% up for the year as a whole. Below is a round up the last four months’ activity: September 2007: 1452.33* (+4.4%). EMEA up 5.6%; Americas up 4.4%; Asia-Pacific up 7.2%. October 2007: 1529.87* (+5.3%). EMEA up 0.9%; Americas up 6.1%; Asia-Pacific up 9.9%. November 2007: 1469.78 (-3.1%). EMEA down 1.6%; Americas down 6.5%; Asia-Pacific down 4.5%. December 2007: 1472.41 (+0.2%). EMEA down 2.6%; Americas up 1.4%; Asia-Pacific up 0.1% [* denotes all-time high] An in-depth analysis of the R-100’s performance across 2007 is available soon (click here). And be warned: the preliminary numbers for January 2008 look bad, bad, bad. These too will be published here soon. Jim Chalmers |
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