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Market Comment - June '24

June 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The UK election news failed to have much impact on the UK stock market indices. We look at why, and observe, dare we say, some “green shoots.”   Since early April the much-maligned FTSE-100 has shown impressive relative strength versus the major US stock market index, the S&P 500. Although the footsie is concentrated in global businesses, it certainly helps the mood music for the wider UK stock market, which is more domestically focused, the other two indices being the FTSE-250 and the FTSE-SmallCap. That revival in enthusiasm for the UK was reflected even earlier in the FTSE-250. It flew out of the blocks from the low in Autumn 2023. It was UK smaller companies that notably lagged, and until they stirred it could not b ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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