18th Aug 2020. 9.49am
UK Sector Snapshot
Housebuilding & Construction has continued its strong recent run with the composite sector chart (below) hitting new trend highs.
As mentioned before, this sector theme has some very clear stars and laggards with Ferguson (FERG), Persimmon (PSN) and Berkeley Group (BKG) considerably outperforming the likes of Taylor Wimpey (TW.), Barratt Developments (BDEV) and Balfour Beatty (BBY).
The early signs of recovery in the Banking and Oil & Gas looks to have fizzled out this week with stocks in both sectors starting to rollover and resume long-term downtrends. While the standout Metals & Mining sector continues to take a well-earned pause for breath following the stellar gains witnessed since early-May.
This research is prepared for general information only and should not be construed as any form of investment advice.