LAFDI market report - Friday 13th November

By Rupert Taylor on Friday 13 November 2015

Alternative Lending

The LAFDI managed some outperformance in a tough week for global equities.      

Weekly return

LAFDI

-1.60%

MSCI World

-2.22%

Top 5 performing Stocks in last week

1

NSM US Equity

5.89%

2

YDLE US Equity

4.15%

3

QIWI US Equity

3.94%

4

OPAY LN Equity

3.22%

5

PFG LN Equity

2.07%

Worst 5 performing Stocks in last week

1

NNI US Equity

-10.67%

2

NEWS US Equity

-10.39%

3

SGM US Equity

-8.64%

4

MONI LN Equity

-7.23%

5

LC US Equity

-6.13%

 

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

Shares in Yodlee were firm in anticipation of its pending merger with Envestnet. 

Yodlee's special meeting of stockholders to vote on the related merger agreement is scheduled to take place on November 19, 2015 at 10:00 a.m. California time.

Paysafe Group (formerly known as Optimal Payments) resumed its uptrend after an uncharacteristic bout of weakness.  With no obvious news behind the move it was good to see the shares return to form as they head back towards all time highs. 

Sector heavyweight Provident Financial continued its recent strong run after a positive mid-October trading update.  The sectors continue to make new highs. 

Nelnet remains weak after reporting disappointing results earlier in November.  Excluding one offs the company reported lower figures and the shares remain in the downtrend that has persisted all year. 

As of 12/11/2015 the index has been rebalanced.  XOOM is no longer a constituent after the completion of its acquisition by PayPal.

Please note – The LAFDI is now available on Bloomberg.  Tickers:

LAFDITR GO for the Total Return Index

LAFDIPR GO for the Price Return Index

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Companies in this Article:

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