Established in 1974
185,800 clients worldwide
Over 15,000 markets

Monthly momentum strategy

As the month draws to a close, we look at the shares highlighted at the end of May as per our momentum strategy.

Inside a Ladbrokes branch
Source: Bloomberg

There were some strong winners from the month, most notably Shire, but others, like Evraz, Perform and Ladbrokes were all strongly weaker. At the beginning of next week I will run the screen again to see which companies have the biggest change over the May-June period.

Company

April - May % change

June % change

Caracal Energy 55.71% 0.46%
Evraz 31.86% -11.33%
Heritage Oil 25.20% 0.66%
ITE Group 23.08% -5.28%
Premier Oil 21.06% -8.89%
Vedanta Resources 20.99% 1.54%
InterContinental Hotels Group 20.70% 1.88%
Cairn Energy 19.79% 0.25%
Centamin 18.67% 1.53%
International Personal Finance 16.16% -3.06%
Shire 15.76% 29.84%
EnQuest 15.15% 0.36%
Imagination Technologies Group 14.89% -4.54%
Smith & Nephew 14.08% 0.68%
Go-Ahead Group 14.00% 4.41%
Cineworld Group 13.44% -5.59%
Perform Group 12.86% -17.19%
Pearson 12.45% -3.07%
Ladbrokes 12.37% -10.81%
Tullow Oil 11.89% -0.77%
Caledonia Investments 11.89% 0.18%

 

The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.