LAFDI market report - Friday 12th June

By Rupert Taylor on Friday 12 June 2015

Alternative Lending

The Liberum AltFi Financial Disruptors Index registered a small under-performance versus global equities over the last week.      

 

Weekly return

LAFDI

-0.22%

MSCI World

0.28%

Top 5 performing Stocks in last week

1

MONI LN Equity

14.29%

2

SGM US Equity

7.28%

3

FLT US Equity

6.66%

4

XOOM US Equity

5.16%

5

PFSI US Equity

1.93%

Worst 5 performing Stocks in last week

1

ONDK US Equity

-9.06%

2

TUNG LN Equity

-7.72%

3

BAS1V FH Equity

-6.23%

4

TAXI US Equity

-5.32%

5

LC US Equity

-5.08%

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

The market continues to wrestle with the likelihood of Monitise PLC having the firepower to take advantage of the huge opportunity it faces in mobile payments.  This week the market seemed more focused on the opportunity and the shares continued their recently improved showing of late. 

Meanwhile at the other end of the spectrum OnDeck Capital remains under significant pressure.  Newsflow remains light however it is worth noting that after the recent IPO the associated lock-up expires on Monday 15th June.   It may be that the shares are better positioned to trade up once this over-hang is removed.  

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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