SHAREtrack100 index rises 1.5 per cent
The SHAREtrack100 index, which is produced in association with PricewaterhouseCoopers, rose 1.5 per cent over the last week to 6540 against a rise of 1.6 per cent in the FTActuaries Allshare index and one of 1.7 per cent in the FTSE-100 Index to 6260.The other indices all moved up but by smaller amounts. The TechMARK was up 1.35 and the Standard & Poor’s by 1 per cent. Sarantel, the micro-antenna company based in Wellingborough, Northants, was the best performer in SHAREtrack with a rise from 14p to 18p over the week.
It was followed by NXT, the Huntingdon sound pioneer, whose share price increased 19 per cent following a string of announcements on applications containing its technology.
No wonder NXT stock was flying: Its sound technology is being fitted as standard inside the new Bombardier Challenger 300 business jet.
Unusually only one stock fell by more than 7.5 per cent in the week. The dubious honour fell to Norfolk company Property Recycling, whose share price slipped by 10 per cent.
Property Recycling acquires unproductive industrial, commercial and residential brownfield sites, where there are opportunities to meet local planning needs and increase their value.