Share Performance in Mar 21

In recent times, the FTSE100 beating NASDAQ has been somewhat of a rarity. But investors have turned their attention to ‘Value’ stocks. Ie those that pay dividends and are less ‘frothy’ than their tech brethren. FTSE100 put on an impressive 3.6% in Mar (+3.9% YTD) against a flat NASDAQ (up 3% YTD)

The FTSE Software & Computer Services Index was up 3% (+3.7% YTD). The largest riser was the FTSE Telecom Index which was up 9.3% in Mar (+10.5% YTD). This was all pretty much down to BT.

The ‘tech’ news has been dominated by yesterday’s IPO of Deliveroo. Its shares fell nearly 30% and was seen as a great blow to the London Stock market.

Really hope that the Deliveroo experience will not dent the appetite for the impending London IPO of DNA tester Oxford Nanopore as we really rate them.

But great to see some UK Tech stocks at the top of Leaderboard for Mar 21. Companies like  The Panoply, Micro Focus, INSTEM, Triad , Softcat and Computacenter.

From a UK viewpoint, the outlook looks pretty good. We – unlike most of the EU – really seem to have got on top of C-19 and are losing restrictions just as other countries are facing yet another wave.

The global outlook is more mixed. C-19 is a global pandemic and recovery on any major scale is unlikely until the whole world is out of danger

All the detail and comment in our Review of Share Performance in Mar 21 on HotViews Extra available to all subscribers including HotViews Premium.

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Posted by Richard Holway at '14:42'