FTSE 100 and FTSE 250 Quarterly Review – September 2016

After market close on 31 August 2016 FTSE Russell confirmed the following changes to the FTSE 100 and FTSE 250 indices. The changes will be implemented at the close Friday, 16 September 2016 and take effect from the start of trading on Monday, 19 September 2016.

FTSE 100

Joining: Polymetal International [POLY]

Leaving: Berkeley Group [BKG]

FTSE 250

Joining: Berkeley Group Holdings [BKG], GVC Holdings [GVC], Hunting [HTG]

Leaving: Polymetal International [POLY], Pendragon [PDG], Circassia Pharmaceuticals [CIR]

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Oil Equipment, Services & Distribution sector monthly seasonality analysis

The 2013 edition of the Almanac looks at the historic monthly performance of the FTSE 350 sectors. Here we look at the Oil Equipment, Services & Distribution sector.

The following chart plots the average out-performance of the FTSE 350 Oil Equipment, Services & Distribution sector over the FTSE 100 Index by month since 2006. For example, since 2006 on average the sector has out-performed the FTSE 100 Index by 4.1 percentage points in February.

Observations:

  1. The strongest months have been February and March – the sector has out-performed the market in March every year since 2006.
  2. Although the sector has under-performed the market by an average 1.7 percentage points in September since 2006, it has actually out-performed the market in four of those years and so has not been consistently weak in September.

The five stocks in the FTSE 350 Oil Equipment, Services & Distribution sector [NMX0570] are-

AMEC [AMEC] Kentz Corporation Ltd [KENZ]
Hunting [HTG] Petrofac Ltd [PFC]
John Wood Group [WG.]
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Hunting [HTG] – 28 years on the LSE

On this day in 1985 Hunting listed on the LSE.

The following chart plots the average monthly out-performance of the shares over the FTSE 100 Index since 1988. For example, on average Hunting has out-performed the FTSE 100 by 5.7 percentage points in February.

Average monthly performance of Hunting [HTG] relative to the FTSE 100 Index (1988-2013)

Observations:

  1. The strongest month for Hunting shares relative to the market has been February (the shares have out-performed the market in this month in 16 of the last 25 years).
  2. The weakest month for Hunting relative to the market has been November (the shares have only out-performed the market in this month in 7 of the past 25 years).

Hunting is in the FTSE 350 Oil Equipment, Services & Distribution [NMX0570] sector.

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