LAFDI market report - Friday 10th April

By Rupert Taylor on Friday 10 April 2015

Alternative Lending

The LAFDI enjoyed a week of moderate gains but failed to keep pace with the wider market.  

 

Weekly return

LAFDI

1.08%

MSCI World

1.33%

Top 5 performing Stocks in last week

1

EPO LN Equity

12.41%

2

MONI LN Equity

11.45%

3

QIWI US Equity

5.87%

4

PAY LN Equity

4.58%

5

XOOM US Equity

4.06%

Worst 5 performing Stocks in last week

1

TUNG LN Equity

-9.51%

2

NNI US Equity

-4.79%

3

LC US Equity

-4.47%

4

RM US Equity

-4.15%

5

IPF LN Equity

-2.28%

  * Returns are calculated for the week to local market close on Thursday

After a quiet twelve months shares of Earthport PLC had a strong week rising 12.4%.  This builds on the strong gains made over 2013 and 2014 and may have been in response to some press coverage.  The company was profiled in Business Insider on Wednesday http://uk.businessinsider.com/hank-uberoi-launching-earthport-2015-4?r=US

Shares of Monitise Plc remain volatile but were stronger over the course of this week on news of more insider share purchases. 

Qiwi PLC shares were stronger by 5.87% over the course of the week.  With news flow limited it may be that the shares are continuing to recover from the significant weakness suffered at the start of 2015 on concerns over their exposure to Russia. 

After reporting the news of a contract win on the 1st of April, and recent share price strength in response to significant insider share purchases by CEO Edmund Truell, shares of Tungsten Corp PLC gave back some of their recent gains falling 9.51% over the course of the week. 

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

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