FTSE 100 and FTSE 250 Quarterly Review – March 2017

After market close on 1 March 2017 FTSE Russell confirmed the following changes to the FTSE 100 and FTSE 250 indices. The changes will be implemented at the close Friday, 17 March 2017 and take effect from the start of trading on Monday, 20 March 2017.

FTSE 100

Joining: Scottish Mortgage IT [SMT], Rentokil Initial [RTO]

Leaving: Capita [CPI], Dixons Carphone [DC.]

FTSE 250

Joining: Northgate [NTG], Sanne Group [SNN], Syncona [SYNC]

Leaving: Brown N [BWNG], CMC Markets [CMCX], International Personal Finance [IPF]

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Shares that like/dislike November

Shares that like November

The following table lists the five FTSE 350 shares that have the best returns in November over the last ten years. For example, Babock has an average return of 8.0% for the month of November. Each stock has risen in at least nine of the past ten years in November.

Company TIDM Avg(%)
Babcock International Group 8.0
Shire 5.4
Tate & Lyle 5.2
Compass Group 4.6
Premier Farnell 3.9

Shares that dislike November

The following table lists the five FTSE 350 shares that have the worst returns in November over the last ten years. For example, Rentokil Initial has an average return of -6.0% for the month of November. All five stocks have fallen in eight of the past ten years in November.

Company TIDM Avg(%)
Tullett Prebon -6.2
Rentokil Initial -6.0
AstraZeneca -2.6
Greggs -2.4
Herald Investment Trust -2.2

An equally-weighted portfolio of the above strong November stocks would have out-performed every year an equally-weighted portfolio of the above weak November stocks by an average of 9.3 percentage points in November for the past ten years.

 

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Rentokil Initial [RTO] – 44 years on the LSE

On this day in 1969 Rentokil Initial listed on the LSE.

The following chart plots the average monthly out-performance of the shares over the FTSE 100 Index since 1994. For example, on average Rentokil Initial has out-performed the FTSE 100 by 2.0 percentage points in August.

Observations:

  1. The strongest month for Rentokil Initial shares relative to the market has been August (the shares have out-performed the market in this month in 15 of the last 19 years).
  2. The weakest month for Rentokil Initial relative to the market has been July (the shares have only out-performed the market in this month in 5 of the past 19 years).

 

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Support Services 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 Support Services sector.

The following chart plots the average out-performance of the FTSE 350 Support Services 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 1.2 percentage points in January.

Observations:

  1. The strongest months have been January and December – the sector has under-performed the market only four times in December in the last 14 years.
  2. The weakest month has been July – the sector has out-performed the market only four times in July in the last 14 years.

The 23 stocks in the FTSE 350 Support Services sector [NMX2790] are-

Aggreko [AGK] Filtrona [FLTR]
Ashtead Group [AHT] G4S [GFS]
Atkins (W S) [ATK] Hays [HAS]
Babcock International Group [BAB] Homeserve [HSV]
Berendsen [BRSN] Howden Joinery Group [HWDN]
Bunzl [BNZL] Interserve [IRV]
Capita Group (The) [CPI] Intertek Group [ITRK]
Carillion [CLLN] Menzies (John) [MNZS]
De La Rue [DLAR] Michael Page International [MPI]
Diploma [DPLM] MITIE Group [MTO]
Electrocomponents [ECM] PayPoint [PAY]
Experian [EXPN]
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