April, famed for its blustery showers and unpredictable weather, brought a few surprises to stock market watchers. UK equity ended the month 1% higher, largely attributable to a 21% recovery in the price of oil in April (Brent crude reached a 2016 high of US$48.1 on Friday) and a rally in the blue chip mining stocks in response to production cuts across the industry.
Investors hate uncertainty, even more than bad news. This oft-quoted truism is certainly being borne out in, certain segments of the financial markets, ahead of the 23 June referendum on the UK’s continued membership of the EU.
It has been another difficult month for the UK equity market but, as Albert Einstein pontificated, “everything is relative” with our selection of industry leaders outperforming the wider FTSE100 index.
Further to the blog of 2 March, commenting on recent trading results and other corporate developments – surrounding the ‘Identify and Run with your Winners’ list of stocks – we have seen a couple of announcements from other constituents, prompting this update.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.