Friday 12 July 2019

*NEW RESEARCH* UK SITS stocks top performers in Q2

chaRTThe strong recovery in UK tech indices continued in Q2 with the FTSE SCS index, a proxy for UK listed software and IT services (SITS) companies, once again the best performer, gaining 10% in the quarter (red line in chart).

The broader FTSE IT index (up 9.3%) was held back by the FTSE Hardware sector, which was down 4.4% in Q2 (but up 13.9% ytd), mainly due to the negative impact on IQE shares as a direct result of the Huawei debacle (see Avoiding the advances of a huge customer).

TechMarketView Foundation Service subscribers can read more about the comparative performance of UK SITS stocks in IndustryViews Quoted Sector Q2 2019 by clinking on the link.

Posted by HotViews Editor at '07:57'