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magazineWhich are the best and worst performing stocks following the market sell-off?
We have run the numbers to identify the best and worst FTSE 350 performers since the market sell-off started at the beginning of February.
Financial technology business NEX (NEX) noted it would benefit from increased volatility (and US tax cuts) in a 1 February trading update. The company could see greater demand for its platforms as the financial markets become more actively traded.
Delivery firm Royal Mail (RMG) is the standout performer after it made significant progress towards a deal on pay and pensions with its staff.
Support services company Stobart’s (STOB) shares responded as former boss Andrew Tinkler snapped up £0.6m worth of shares, while a management shake-up at asset manager Investec (INVP) had a positive reception.
The worst performers also principally moved on stock-specific issues. However, the negative reaction to a downbeat third quarter update from cyber security specialist Sophos (SOPH) may have been exacerbated by weaker market sentiment.
A more cautious outlook from investors could also explain the big fall at pharmaceuticals outfit Vectura (VEC) as excitement about a possible bid from GlaxoSmithKline (GSK) evaporated.
Oil services provider Petrofac (PFC) suffered as the scope of a probe into bribery, corruption and money laundering was broadened.
Important information:
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
Issue contents
Big News
- Sterling slides as Brexit fears resurface
- Which are the best and worst performing stocks following the market sell-off?
- Analysts get behind cyber security firm Sophos
- Tesco could go head-to-head with Aldi and Lidl on price, claims media report
- Shock as highly respected small cap fund manager is pushed out
