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.

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