This month’s momentum screens are notable for the fact that no companies included in the FTSE All Small Companies index passed at least 7/8 tests. Only two companies met at least six criteria. This reflects both a savage December for the stock market and a downcast mood for the earnings of smaller and more domestically focussed UK-listed companies amid a climate of political and economic uncertainty.
Our screening of the FTSE All Share index only identified one company, Spirent Communications (SPT), that passed all the tests. JD Sports (JD.), which has defied the retail gloom with an upbeat trading statement this week, passes 7/8 momentum tests.
Over on Aim, the progress made by Diversified Oil & Gas (DGOC) is reflected in passing all 8 of our momentum tests. Sylvania Platinum (SLP) is the only other Aim-listed company with a perfect score.
Download PDF
