MARKET TALK: Luxury Sector Value Reflects Future Good News

1st Jul 2010 10:33

0933 GMT [Dow Jones] A rally in prices of shares in the luxury goods sector in the past month precedes foreign exchange related earnings upgrades, says Nomura, reiterating its neutral rating for the sector. Notes macroeconomic trends prevailing in May include the strengthening dollar compared to the euro, an expected reevaluation of the Chinese yen and the return of tourist flows. Flags Hengdeli (HENGF) as the stock of the month. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 01, 2010 05:33 ET (09:33 GMT)

Top Risers

Share	Price	Change
Huddled Group (HUD)	0.85	24.14%
Eurasia Mining (EUA)	2.80	19.15%
Genincode (GENI)	0.725	16%
Medpal AI (MPAL)	5.25	14.13%
Light Science Technologies (LST)	0.875	12.9%

Top Fallers

Share	Price	Change
Catenai Plc (CTAI)	0.0575	-39.47%
Petra Diamonds (PDL)	2.60	-26.14%
Focus Xplore (FOX)	0.019	-22.45%
Litigation Cap. (LIT)	0.301	-20.12%
Abrdn Property (API)	1.52	-15.56%

Top By Volume

Share	Price	Volume
Ethernity Net (ENET)	0.0019	1,922,336,250
Forgent (FORG)	0.0115	591,087,829
Premier African Minerals (PREM)	0.0044	313,776,718
Focus Xplore (FOX)	0.019	253,421,870
Bezant Resources PLC (BZT)	0.11	246,929,868

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