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R-100 Index Past Results & Analysis Redux Global ICT 100 Index: March malaise
R-100 Index Past Results & Analysis Redux Global ICT 100 Index: March malaise 
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| Redux Global ICT 100 Index: March malaise |
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| Tuesday, 05 April 2005 | |
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April is the cruellest month? Let’s
hope not, since March appears to have been pretty grim. We name the
gainers in a worldwide tableau of losers… The trading month of March saw a 2.2% decline in the Redux Global ICT 100 Index (R-100). As of 01 April, the R-100 stood at 973.62, down from 994.73 one month ago. The last time the Index was weaker was at the end of October, 2004 — after which it rebounded with several consecutive months of growth. This time of year makes for nervousness among technology investors: it is almost five years to the day that technology stock prices imploded. Clearly, they have not really recovered, since each increment is ratcheted back by bouts of profit-taking and disbelief that companies which once soared away could soar away again. Looked at on a region-by-region basis, March was woeful. In Europe, which contributes 40 companies to the R-100, just eight firms finished the month in positive territory: Telekom Austria, Belgacom, Deutsche Telekom, Siemens, Mediaset, BSkyB, TeliaSonera and Vodafone. The rest were flat or down. North American stocks looked firmer, despite the fact that most made marginal losses. Of our 40 listed American firms, just six headed north: Liberty Media, Computer Associates, Hewlett-Packard, Cisco Systems; Yahoo! and BCE of Canada. The Asia-Pacific, which drove the R-100 upwards in February, faltered last month. Although shares in our ten Japanese companies were collectively up buy 0.53% (led by DoCoMo, Matsushita, NTT and Sony), other Asian stocks were uniformly down, after an upbeat performance in February. This is not a notice to panic. Nor is it a notice to rejoice.But the Redux champagne stays on ice' Readers
can also click on those funky graphics on the right of this page to get
detailed financial data on their company of choice, courtesy of Yahoo!.
Yahoo! must be pretty good: it is one of just 18 gainers in this month's
R-100! |
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