Introducing the Punchline Gloucestershire 10 Share Index
By James Young | 27th March 2020
Nobody knows what the true effect of the Coronavirus Crisis on business will be.
Punchline can't predict the future, but we can do a bit of research into the markets and see what is happening to the listed firms, either based in Gloucestershire, or with significant county interests.
So, at the start of this week we decided to launch what we're calling the Punchline 10 Share Index.
We chose ten firms who all play a significant role in Gloucestershire business and we monitored their share price.
The Gloucestershire 10 are:
EDF Energy
General Electric (GE)
Lloyds TSB
Mears Group
Pennant International
Renishaw
Stagecoach Group
St James' Place
Unilever
Versarien
Of those 10 firms, eight recorded a higher opening price on Friday than they did on Monday.
Only, Pennant International and Mears Group, have seen their price drop over the week.
Overall, and on average, the 10 saw a rise of 27 per cent in the week.
The Punchline Index opened at 344.75 on Monday, and at 436.46 on Friday a rise of 91.71 points.
Whether that trend continues through the coming weeks of the Coronavirus Crisis is unknown, along with many, many other things.
But Punchline will be continuing this experiment in a bid to show Gloucestershire's businesses just how the crisis is affecting them.
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