FTSE 100 and FTSE 250 Quarterly Review – December 2016

After market close on 30 November 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 December 2016 and take effect from the start of trading on Monday, 19 December 2016.

FTSE 100

Joining: ConvaTec Group [CTEC],  Smurfit Kappa [SKG]

Leaving: Polymetal International [POLY], Travis Perkins [TPK]

FTSE 250

Joining: Ferrexpo [FXPO], NewRiver REIT [NRR], Nostrum Oil & Gas [NOG], Polymetal International [POLY], Travis Perkins [TPK]

Leaving: Countrywide [CWD], DFS Furniture [DFS], Laird [LRD], NCC Group [NCC], Smurfit Kappa [SKG]

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Laird [LRD] – 65 years on the LSE

On this day in 1949 Laird listed on the LSE.

Monthly seasonality of Laird

The following chart plots the average monthly out-performance of the shares over the FTSE 100 Index since 1988. For example, on average Laird has out-performed the FTSE 100 by 4.0 percentage points in August.
Average monthly performance of Laird [LRD] relative to the FTSE 100 Index (1988-2013)

Observations:

  1. The strongest month for Laird shares relative to the market has been August (the shares have out-performed the market in this month in 18 of the last 26 years).
  2. The weakest month for Laird relative to the market has been November (the shares have only out-performed the market in this month in 10 of the past 25 years).

Laird is in the FTSE 350 Technology Hardware & Equipment [NMX9570] sector.

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Technology Hardware & Equipment 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 Technology Hardware & Equipment sector.

The following chart plots the average out-performance of the FTSE 350 Technology Hardware & Equipment sector over the FTSE 100 Index by month since 1999. For example, since 1999 on average the sector has out-performed the FTSE 100 Index by 4.0 percentage points in July.

Observations:

  1. The strongest months have been July and November – the sector has under-performed the market only three times in July in the last 14 years.
  2. The weakest months have been February and September – the sector has out-performed the market only five times in February in the last 13 years.

The six stocks in the FTSE 350 Technology Hardware & Equipment sector [NMX9570] are-

ARM Holdings [ARM] Laird [LRD]
CSR [CSR] Pace [PIC]
Imagination Technologies Group [IMG] Spirent Communications [SPT]
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