Year to date the Technology sector is still the best performer due to the Telco’s remaining buoyant on the back to potential 3G licensing to come through. Industrials are obviously the worst performers because of the flood crisis in Thailand. But we feel that there are good undervalued companies in this sector now because of this crisis (i.e. Hemraj. Amata both of which haven’t been directly affected by the floods).
Month to date Resources saw the biggest rebound in line with the global markets as WTI Oil prices increased from $80 to $87 during the week.