Wednesday 26 June 2013

FTSE250, worst performers, dominated by the mining sector

It's been pretty bad for quite some while for anyone invested in UK mining shares. Given that the main markets have been fairly bullish for some time, the sell off in mining stocks has been severe. Here are the worst performers.

1 year

African Barrick Gold  -72.45%
Hochschild Mining  -63.27%
Kazakhmys  -62.35%  Recently relegated from FTSE100.
Evraz  -61.04%  Recently relegated from FTSE100.
Centamin  -57.18%

6 Months

African Barrick Gold  -75.89%
Kazakhmys  -66.68%
Hochschild Mining  -65.84%
Evraz -60.74%
Polymetal International  -58.88%

Even in the last 30 day's with the market correction, mining shares have been hit hardest, only Man Group tops them.

Man Group  - 32.03%
Hochschild Mining  -31.82%
Evraz  -31.37%
Polymetal International  -26.18%
Centamin  -23.39%

Looking at the weekly UK mining sector chart suggests that there is still no let up or bottom in site as of yet. Not a good chart for mining investors.

Chart:


UKMiningSector - Weekly


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