Weekly return
LAFDI
1.71%
MSCI World
0.38%
Top 5 performing Stocks in last week
1
TUNG LN Equity
23.41%
2
MONI LN Equity
9.79%
3
NEWS US Equity
7.59%
4
TAXI US Equity
7.04%
5
QIWI US Equity
5.33%
Worst 5 performing Stocks in last week
1
OPAY LN Equity
-7.12%
2
ONDK US Equity
-4.80%
3
SUS LN Equity
-3.64%
4
PAY LN Equity
-3.00%
5
EPO LN Equity
-2.19%
* Returns are calculated for the week to local market close on Thursday
Tungsten Corporation (TUNG LN) was the week’s best performer with just under a 25% lift in its shareprice as the stock slowly recovers from the mauling that the market has dealt it in the first quarter. Despite last week’s performance, the shares are still down over 25% since Jan 1st. The announcement of a new (unnamed) housebuilder as a customer, combined with positive sentiment post buying of shares by Edmund Truell, the company’s CEO, appears to be the catalyst that took the beaten up stock higher last week.
Monitise PLC (MONI LN) was another stock that enjoyed a bit of a bounce following its 30+% down week the previous week. Investors appear to be taking comfort from some recent director buying of shares. The stock continues to trade well below the broker consensus price target of 38.83 with Thursday’s closing price settling at 14.25.
Consolidation of positions and some profit taking after last week’s 34% upswing post its announcement of the acquisition of Skrill saw Optimal Payments slide 7.12% on the week on lighter flows.
Please note : The LAFDI is now available on Bloomberg. Tickers:
LAFDITR Index <GO> for the Total Return Index
LAFDIPR Index <GO> for the Price Return Index
