Best Performing Sectors
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- Date Submitted: 07/25/2010 04:40 AM
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The best and worst performing sectors of 2010
Through most of January, the FTSE 350 index fell. In fact, at the end of the month the index was lower than it is now. February and March saw a steady rally as recovery hopes grew – but that was derailed as the euro crisis prompted a renewed flight to safety. Investors feared that sovereign debt contagion could spread and the FTSE 350 is now 10pc below the peak seen on April 15. The index is now down 3pc on the year, with most of the 18 sectors in the index performing more or less in line. However, there are one or two exceptions. Here is a review of the best and worst performing of these sectors since the start of 2010.
Weir Group's hydro power plant in British Columbia, Canada. The company had a good start to the year, as it targets growth in emerging markets. Photo: Newscast
Domino's Pizza has benefited from people staying at home during the recession Photo: Reuters
The chips in Apple's iPad are believed to be based on ARM technology ? and the company's shares have benefited significantly from this Photo: AP
Prudential's shares have been under pressure because of Tidjane Thiam's controversial plan to buy AIG's Asian assets
BP has had almost 30pc of its market capitalisation wiped away by the oil spill crisis in the Gulf of Mexico Photo: Reuters
National Grid's shares have slid significantly since it launched a rights issue to invest in its UK transmission business
Industrial & Engineering: +19pc
The FTSE 350 Industrial and Engineering sector is the runaway winner so far this year.
The index has eight companies within it, with the highest weighted being engineering group IMI, at 22pc of the index. This is followed by Weir Group (20.9pc), Rotork (12.7pc), Charter International (12.5pc) and Melrose (11.9pc). Spirax-Sarco, Bodycote and Fenner bring up the rear.
It is not surprising that these cyclical companies have continued to recover from 2009 lows. The sector was heavily sold...
Through most of January, the FTSE 350 index fell. In fact, at the end of the month the index was lower than it is now. February and March saw a steady rally as recovery hopes grew – but that was derailed as the euro crisis prompted a renewed flight to safety. Investors feared that sovereign debt contagion could spread and the FTSE 350 is now 10pc below the peak seen on April 15. The index is now down 3pc on the year, with most of the 18 sectors in the index performing more or less in line. However, there are one or two exceptions. Here is a review of the best and worst performing of these sectors since the start of 2010.
Weir Group's hydro power plant in British Columbia, Canada. The company had a good start to the year, as it targets growth in emerging markets. Photo: Newscast
Domino's Pizza has benefited from people staying at home during the recession Photo: Reuters
The chips in Apple's iPad are believed to be based on ARM technology ? and the company's shares have benefited significantly from this Photo: AP
Prudential's shares have been under pressure because of Tidjane Thiam's controversial plan to buy AIG's Asian assets
BP has had almost 30pc of its market capitalisation wiped away by the oil spill crisis in the Gulf of Mexico Photo: Reuters
National Grid's shares have slid significantly since it launched a rights issue to invest in its UK transmission business
Industrial & Engineering: +19pc
The FTSE 350 Industrial and Engineering sector is the runaway winner so far this year.
The index has eight companies within it, with the highest weighted being engineering group IMI, at 22pc of the index. This is followed by Weir Group (20.9pc), Rotork (12.7pc), Charter International (12.5pc) and Melrose (11.9pc). Spirax-Sarco, Bodycote and Fenner bring up the rear.
It is not surprising that these cyclical companies have continued to recover from 2009 lows. The sector was heavily sold...