Although the market has been steadily rising for some time it is perhaps difficult to believe that there have been losers also, most notably in the mining sector. This sector has seen quite a sell off in the last month, but some have been falling pretty relentlessly for longer than that. Here's a list of some FTSE350 mining stocks and their percentage fall in the previous 3 months.
African Barrick Gold -59.84%
Kazakhmys -57.54%
Hochschild Mining -45.59%
Fresnillo -30.50%
Antofagasta -30.47%
The 3 month change in the index is -15.94% and it is down -15.42 over the previous 12 months.
So, some hefty falls there and you do wonder if the world economy is in recovery mode, why are so many miners, the providers of commodities that go into making everything falling so steeply? Some of these are gold and silver miners, a sector that can be very volatile even when the price of gold is steadily going up, but the falls seem to be across the board even when good individual company results are produced.
Bargain hunters may well want to keep an eye on the sector, but you may also want to watch for a recovery on the charts first as falls for the miners can be relentless. Get in at the wrong time and you can be looking at big losses. If anything this has been the sector to short, but could it also be a sign that the wider market may follow if economic growth forecasts don't live up to expectations as the year goes on?
Showing posts with label Kazakhmys. Show all posts
Showing posts with label Kazakhmys. Show all posts
Wednesday, 3 April 2013
Thursday, 7 March 2013
Latest FTSE100 reshuffle
The latest quarterly review of the FTSE100 sees the following changes.
Out
Kazakhmys
Intu
In
Easyjet
London Stock Exchange
It's possible that there may be some volatility around these stocks as FTSE100 and tracker funds buy and sell to re-balance. Could be a positive for those entering the index as they get bought. Easyjet has just about doubled in price in the last six months, while the London Stock Exchange share price has gone from around 1000p last December to over 1382p today, so we have a couple of strong momentum stocks entering the index. Relegated Kazakhmys has been a bit of a disaster of late, down from around 820p at the start of the year to 547p as of today.
For more on the FTSE game of relegation and promotion see this post.
If you want to see some of the names from FTSE100 in 1999 look here.
Out
Kazakhmys
Intu
In
Easyjet
London Stock Exchange
It's possible that there may be some volatility around these stocks as FTSE100 and tracker funds buy and sell to re-balance. Could be a positive for those entering the index as they get bought. Easyjet has just about doubled in price in the last six months, while the London Stock Exchange share price has gone from around 1000p last December to over 1382p today, so we have a couple of strong momentum stocks entering the index. Relegated Kazakhmys has been a bit of a disaster of late, down from around 820p at the start of the year to 547p as of today.
For more on the FTSE game of relegation and promotion see this post.
If you want to see some of the names from FTSE100 in 1999 look here.
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