UK Market Barometer: October

UK growth and value stocks took a hit in October, according to Morningstar's UK Market Barometer, but banks made a surprise comeback

James Gard 4 November, 2020 | 9:00AM

Barometer

October was the worst month for global equities since March as investors reacted to the re-introduction of lockdown measures across Europe and the likelihood of a contested result in the US Presidential Election. In the UK stock market, the sell-off accelerated towards the end of the month, with the FTSE 100 sliding from more than 6,000 in early October to 5,500 points on the last trading days of the month.

The Morningstar UK Index, which covers 314 stocks from £400 million in market cap to £100 billion, was down nearly 4.5% in October and 25% since January. Our latest Market Barometer reveals how value, growth and blend stocks have performed in the latest bout of volatility and where that leaves these companies in terms of their fair values.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

About Author

James Gard  is content editor for Morningstar.co.uk

 

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