5 positive scorers, one netted 0 which means 14 made a loss this week. So, with the biggest item in the new being the ‘pingdemic’ let’s focus on how that is affecting the big movers (in a very simple way).
First of all, pingdemic does not mean more people pinging the post…
It is that more people have been pinged by the NHS app to self isolate which means more people at home.
More people at home means less people travelling, and therefore less demand for oil – BP down 5.6% (-10.2% in the last 2 weeks dropping them to 6th) and Royal Dutch Shell A (RDSa) down 4.7% and RDSb down 4.6%.
More people at home means more people turning to alcohol – Diageo (DGE) up 1.8%, and smoking – British American Tobacco (BAT) up 3.2%.
And if they’re not turning to those, they’re eating and cleaning more – Unilever (ULVR) up 1.4%.
Finally, with all this uncertainty, companies are looking to find out more information, especially scientific, technical and medical information and analytics – Relx up 2.6% for the week.
What can entrepreneurs take from this weeks movements?
- How well do you know your market?
- Do you have the cashflow and resources to get through tough times?
- What changes can you make to improve your position?
Now to the all important league table.
|9||Rio Tinto PLC||-2.6%||8.7%|
|11||Royal Dutch Shell B||-4.6%||8.6%|
|12||Royal Dutch Shell A||-4.7%||7.8%|
|15||British American Tobacco||3.2%||5.6%|
|19||Vodafone Group PLC||-2.0%||-3.8%|
|20||London Stock Exchange||-3.7%||-15.8%|
Who is going to lose it all?
Who is going to recover?
What do you think? Let us know in the comments.
Until next week.